David Tepper expected to become new Panthers owner

Lynette Rowe
May 16, 2018

Advised by Steve Greenberg of Allen & Co., Richardson initially sought at least $3 billion for his team, but trimmed his expectations when no potential buyers emerged at that price.

Tepper is a 60-year-old hedge fund manager worth about $11 billion, reports Forbes magazine.

He later attended Carnegie Mellon University's Business School. The deal would have to be approved at the owner's meetings in Atlanta on May 22.

Tepper emerged as the early leader, although Navarro at one point appeared to take the lead. "I have to tell you, for me, I like the people down there".

The Carolina Panthers are going to have a new owner in the coming days/weeks, as CBS Sports NFL Insider Jason La Canfora reported on Friday.

More news: Poor People's Campaign launches days of protests around US

Sports Illustrated reported accusations of sexual harassment, including inappropriate touching by more than one woman and a racial slur made to a team scout.

These things sometimes come with house-cleaning, and new owner David Tepper will arrive with experience and his own plans that he has been devising for years.

The source confirmed that the Panthers will be sold for $2.2 billion, which will set a record for the highest sale price for an National Football League team.

According to reports, Tepper hails from a middle-class Pittsburgh family. He will also be required to sell his minority stake in the Steelers. As such, no changes to the front office or coaching staff are expected to occur prior to the 2018 season. He follows in the footsteps of previous Steelers' minority owner Jimmy Haslam, who bought the Cleveland Browns. His favorite Panther of all time is Chad Cota and he once AIM chatted with Kevin Greene.

Other reports by LeisureTravelAid

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