Tepper expected to sign deal to buy Panthers

Share
Tepper expected to sign deal to buy Panthers

If an agreement is set, the owners can make the sale official with a vote at next weeks owners meeting in Atlanta, GA.

Billionaire hedge fund manager David Tepper is expected to sign a deal and complete the purchase for the Carolina Panthers, reports ESPN.com's Adam Schefter and Seth Wickersham.

At $2.2 billion, the sale of the Panthers would be the highest anyone has paid for an National Football League team. The purchase has to get the approval from the National Football League financial committee and then three-fourths approval from the 32 team owners.

Tepper, who is the founder of Appaloosa Management, is worth an estimated $11 billion.

Here are six things to know about Carolina's new owner.

According to Ian Rapport of NFL Network, Tepper would like to see the Panthers stay in Charlotte.

The Carolina Panthers were put up for sale last season, following sexual harassment and racial misconduct allegations against owner Jerry Richardson.

The 60-year-old Tepper was born in Pittsburgh, attended the University of Pittsburgh and earned an MBA from Carnegie Mellon in 1982 - the business school now dons his name.

Share

Advertisement

Related Posts

Fujifilm SQ6: The First Analog Square-Format Instax Camera
The double exposure mode is capable of superimposing two images onto a single film when the shutter button is pressed twice. To celebrate the camera's release, Fujifilm and iHeart Radio will be holding a joint event in New York City on May 15.

Watch surreal new video from Sheffield's Arctic Monkeys
Tranquility has a comfortable lead over the Greatest Showman (Atlantic) soundtrack, which slips 2-1 on the Official Albums Chart Update .

Tuesday forecast: Isolated chance of showers/storms this morning
The big weather story is the slight chance of storms this morning and the continued storm chances everyday through the weekend . Highs Monday , slightly cooler than Sunday , in the upper 60s to mid 70s.which is almost seasonable for this time of year.

Brooklyn Nine-Nine: Season Six; FOX & NBC Talk Cancellation & Revival
Earlier on Friday, Fox announced it was reviving Tim Allen's " Last Man Standing ", one year after the show was canceled by ABC . On the other hand, the season 5 finale will feature the highly-anticipated wedding of Amy and Jake Peralta ( Andy Samberg ).

Rio Tinto (RIO) Cut to "Hold" at Zacks Investment Research
Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year. To measure price-variation, we found OC's volatility during a week at 1.85% and during a month it has been found around 2.8%.

EU's Barnier: No big progress on Brexit since March
It would see Britain collect tariffs on behalf of Brussels on goods from non-EU countries set to be re-exported to the continent.

Gap Joins Multinationals in Apologizing to China for Map Gaffe
Other T-shirts in the range show San Francisco, Paris, Japan and Canada but are decorated with national flags rather than maps. The Gap's website originally listed the T-shirts as being available in Canada, Japan, Paris, China, San Francisco and NY .

Alleged Rihanna Stalker Charged
Back in 2016, police investigated a man after he sent a death threat to Rihanna and took a selfie outside of her home. Authorities say Leon hopped a fence and entered a home that Rihanna owns, although she was not there at the time.

This years LCD iPhone will come in three new color options
It is said that Apple is now testing two devices that could carry the torch forward from the original iPhone SE . There's no official word on what's coming at this year's conference but the iPhone SE 2 could take centre stage.

Jammu and Kashmir: BSF jawan martyred in ceasefire violation by Pakistan
There was a lull in firing noted along the IB in the past 3 months after intense border skirmishes in January and February. Meanwhile, Prime Minister Narendra Modi is scheduled to visit Jammu and Kashmir on May 19.

© 2015 ExpressNewsline. All Rights reserved.