New Panthers Owner Could Add to Rift Between President Trump and NFL

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The Panthers have a new owner and its hedge fund billionaire David Tepper. Tepper, as La Canfora has reported, can cut a check for $2.2 billion.

Billionaire hedge fund manager David Tepper, once New Jersey's wealthiest man before he fled the state for less-taxed Florida, is set to buy the Carolina Panthers, according to published reports Tuesday.

"$2.2 billion I believe is the largest sale price for professional sports franchise in the history of the country, so that solidifies the fact that the Panthers are the best pro sports franchise in the country", Egleston said.

The Carolina Panthers of the National Football League appears to have a new owner, and it is not music impresario P. Diddy.

The NFL owners will meet next week (May 21-23) and are expected to approve the first sale of a franchise since 2014 (Buffalo).

Forbes listed Tepper's net worth at $11.4 billion in February 2017.

Tepper, who has been a minority owner of the Steelers since 2009, said Wednesday in a release that he's thrilled to become the next owner of the Panthers.

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Tepper, though, was long the preferred buyer from inside the NFL.

After allegations arose that current owner, Jerry Richardson, sexually and racially harassed people within the organization, the team was put up for sale.

Because of Tepper's five per cent stake in the Steelers, his finances have already been vetted by the league, meaning minimal obstacles remain to securing NFL-owner approval of the sale.

Tepper's plans on whether the team will remain in Charlotte for the long-term future remain unclear.

As for the Panthers, they are expected to stay in Charlotte. She said she would be fighting to keep the team in Charlotte.

"The economy's really good right now, despite different things", Tepper told a business school student at Carnegie Mellon University last month, according to Sports Illustrated.

In appearance at Carnegie Mellon University, the former Livingston resident called Trump a "scumbag" and "demented". He may also soon find himself with a lot of money coming back to him - in the form of tax savings - from his purchase of the Panthers for $2.2 billion from Jerry Richardson. Richardson promised fans at the time the Panthers would win a Super Bowl 'within 10 years.' Carolina has reached the Super Bowl twice, including in 2015, but has never won.

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