Carolina Panthers To Be Sold to New Owner ... Not Diddy

Report David Tepper finalizes deal to buy Panthers from Jerry Richardson

The sale of the Carolina Panthers to hedge fund manager David Tepper is expected to be executed soon. From Diddy and Steph Curry to a bunch of NASCAR team owners, drivers and executives, many were considering bidding.

The deal is expected to be approved at the Owner's Meetings later this month.

This story will be updated. ESPN reporter Adam Schefter also tweeted that the deal would be signed Tuesday.

Panthers owner Jerry Richardson put the team up for sale shortly after sexual harassment allegations were published by Sports Illustrated in December. He's also the only known bidder already vetted by the National Football League, as he is part-owner of his hometown team, the Pittsburgh Steelers.

Tepper would need to sell his five percent share of the Steelers before buying the Panthers, following in the heels of Jimmy Haslam, who bought the Cleveland Browns after being a Steelers owner. A spokesman for Tepper declined to comment.


Tepper, who is the founder of a global hedge fund called Appaloosa Management, is worth $11 billion, according to Forbes.

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.

Tepper has always been involved in charitable organizations in the different areas where he has planted roots, including Pittsburgh, New Jersey and Miami.

"I have to tell you, for me, I like the people down there".

Related News:



Most liked

Europa water plume: Another step toward living on a moon
In other words, the spacecraft had flown through a localized plume maybe 620 miles wide somewhere near the moon's equator. That's particularly exciting because it also suggests that Europa may have an energy source propelling the water skyward.

Title Match Confirmed For WWE Raw This Week
Dolph Ziggler and Drew McIntyre had a plan last night, and it involved redirecting the force of nature known as Braun Strowman. On the other hand, Roman Reigns extracted revenge on Jinder Mahal for costing him his match last week.

CBS declares war on Shari Redstone over Viacom merger
Redstone wants the two companies to combine, and this is the second time in two years that she has tried to make a merger happen. Shari Redstone has indicated before that she wants Viacom CEO Bob Bakish to become the combined company's second-in-command.

HSBC Performs World's First Trade Finance Transaction Using Blockchain
The incentive? HSBC sees blockchain as a solution to help boost efficiency in the multi-trillion-dollar funding of global trade. Handling the deal for United States food and agricultural group Cargill, HSBC issued a letter of credit to Dutch ING Bank NV.

John Oliver Rips Into 'Total Moron' Michael Cohen Over Consulting Scandal
Cohen's lack of experience and lack of knowledge about tax reform, antitrust issues, and FCC policy", they wrote in the letter. The senators questioned the appropriateness of AT&T's dealings with Cohen, given "Mr.

Tropical Downpours: spotty but heavy storms begin Tuesday
The most likely time of these storms would be after 4 p.m. and continuing through the middle part of the evening. The weather will be somewhat unsettled, with cloudy periods and the risk of a few passing showers or storms.

WHO Reports 19 Dead, 39 Infected in Congo Ebola Outbreak
The measures include providing vaccinations to prevent the disease and administering supplies to support infected individuals. The virus is transmitted to people from wild animals and spreads in the human population through human-to-human transmission.

Mother of 10 kids says they weren't abused
Officers found the youngster a short time later "asleep under a bush in a yard of a nearby residence", according to Hurlbut. The police Family Violence Unit, Child Welfare Services and the District Attorney's Office then launched an investigation.

Nawaz rejects NSC statement, deems it 'painful and regrettable'
He expressed full support for Sharif and said the entire party, including party president Shehbaz Sharif, stands with him. After Prime minister's address, opposition walked out from the session as a protest.

Railway Minister Piyush Goyal to be Finance Minister till Arun Jaitley recovers
Irani has been replaced by her deputy Rajyavardhan Singh Rathore, who will hold independent charge of the I&B ministry. Earlier she was shunted out of the HRD ministry to a relatively less high-profile Union Textiles Ministry.

Google launches Google One: Upgrades storage, adds new features
Clarification: The new Google One subscription will house the files used by several Google services, not the services themselves. Not only that, the company is also offering deals on hotel bookings and more benefits will be added over the time.

Rauner unveils plan on gun control and partial death penalty re-instatement
Sue Scherer of Decatur said she had to review the details of the governor's action before taking a position. If they do not act, the whole package will expire without becoming law.

Two Blockbuster Matches Announced for WWE Money in the Bank 2018
News. "She's one of a kind, so there definitely has to be an alternation to my regimen and I'm looking forward to it". It's an exciting prospect, to say the least!

The Science Behind Hawaii's Surprising 2018 Volcanic Eruption
If either highway is hit by lava, mass evacuations would be triggered , said Hawaii National Guard spokesman Jeff Hickman. More than 12 lava fissures have been recorded in the Leilani Estates subdivision of Puna, Hawaii, as of May 9.

'Exhausted' Simpson savours first win in five years
After finishing equal 11th at the Players Championship on Sunday, Tiger Woods declared himself ready to win another title. Not when his method of putting was banned, not when he was one of the worst on tour on the greens.