Published: Thu, May 17, 2018
Sport | By Kayla Schwartz

Carolina Panthers have been sold to a FL-based hedge fund manager

Carolina Panthers have been sold to a FL-based hedge fund manager

That's what David Tepper, who is just an owners' vote short of purchasing the Carolina Panthers, built his fortune on.

The amount was not specified in a news release issued by the Panthers.

Wednesday's announcement followed a report by the Associated Press that Tepper would buy the team from founder Jerry Richardson for $2.2 billion. "The personal relationships we have enjoyed have been very meaningful to us", Richardson said in a statement.

News of the sale came in December shortly after an in Sports Illustrated linked Richardson to allegations of sexual harassment - and, with the terms set, the sale is now on the goal line.

"Bringing the Panthers and the National Football League to the Carolinas in 1993 was enormously fulfilling for Rosalind and me and all of our partners", founder Jerry Richardson said, in a written statement released on Wednesday.

Jerry Richardson
Jerry Richardson

That should mean he will fit right in with NFL coaches, who use the cliché as a default response to avoid saying anything more illuminating.Tepper will also fit in with his new partners, the NFL owners who will approve his purchase of the Panthers from Jerry Richardson for $2.275 billion, NFL Network Insider Ian Rapoport reported. "I have learned a great deal about the community and the team over the past several months and look forward to becoming part of the Carolinas", Tepper said in a statement. "I wish David and his family the very best as they enter this exciting new phase of their lives".

Bank of America Stadium in Charlotte, home of the NFL's Carolina Panthers. As a minority partner of the Steelers (he must now sell his shares), Tepper has already been vetted by the league and the approval process will likely be smooth.

NFL Commissioner Roger Goodell said he would prefer to keep the team in Charlotte where it has been successful. In 2017, he ranked fifth on Forbes list of the world's richest hedge fund billionaires with a.

Tepper, who has always been the considered the favorite to buy the Panthers, has been a minority owner of the Pittsburgh Steelers since 2009.

Iran's Rouhani slams some Arab states for "silence" over killings of Palestinians
He added that the Islamic Republic would not give up under pressure, sanctions or threats. "Today, the USA has violated worldwide regulations and must be put under pressure".

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