Published: Tue, May 15, 2018
Sport | By

David Tepper expected to become next Panthers owner

David Tepper expected to become next Panthers owner

According to NFL Network's Ian Rapoport, the sale of the Carolina Panthers to Florida hedge fund manager David Tepper "is moving along as all sides have hoped".

The Carolina Panthers appear to be on the verge of finding a new owner.

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

Reports emerged last week with Tepper, a minority owner of the Pittsburgh Steelers, was the front-runner and the favorite amongst current National Football League owners. According to Forbes, Tepper is worth $11 billion and the Panthers are worth $2.3 billion. That will set a record for the highest sale price for an National Football League team, surpassing the $1.4 billion that the Buffalo Bills were sold for in 2014.

In mid-December, Jerry Richardson announced he was selling the team after Sports Illustrated reported allegations of misconduct in the workplace.

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.

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