David Tepper Expected To Sign Deal To Purchase Panthers

Local sports power-broker weighs in on Panthers sale - | WBTV Charlotte

At that meeting, they can officially approve Tepper's purchase of the team, which people familiar with the matter said is not expected to be a problem. After months of record-setting bidding, David Tepper reportedly reached an agreement to purchase the Panthers. Tepper is the founder of Appaloosa Management, one of the world's most preeminent hedge funds, and is worth an estimated $11 billion in personal wealth.

Sherman Financial Group LLC founder, Ben Navarro, and metals/mining investor, Alan Kestenbaum, have also made bids for the Panthers.

Was Diddy successful in his bid to buy the Carolina Panthers?

Tepper, 60 years old, has been a minority owner of the Pittsburgh Steelers for several years now, owning five percent of the franchise.

David Tepper is no stranger to owning an National Football League franchise, however.

Meghan Markle's father decides not to go to Royal Wedding, TMZ reports
There are doubts about whether Thomas Markle plans to attend Saturday's royal wedding . The Associated Press has been unable to reach him for comment.

The Carolina Panthers are expected to have a new owner soon. In April Tepper told a student at his alma mater, Carnegie Mellon University: "whether I like the person or not I'm not going to get into that although I did call him a demented, narcissistic scumbag".

The deal is reportedly worth between $2.1 and $2.5 billion. In 2009, the Pittsburgh native (who now lives in Florida) bought a 5% stake in the Steelers.

The Panthers hired Steve Greenberg of NY investment bank Allen & Co.to help with the sale.

Richardson spent just $140 million for the rights to the Panthers in 1993. COO Tina Becker has been running the day-to-day operations of the team since December when an explosive Sports Illustrated report detailed multiple allegations of workplace misconduct from former employees.

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

Related news:

Hot News

isis-killer-beheading-video-story-top Fox Was 'Emboldened' to Revive 'Last Man Standing' After 'Roseanne' Reboot Exploded
May 16, 2018 - 01:59
With our increased investment in football, we're going to use the powerful platform of the NFL to launch our new comedies. We're really happy, though, that it's found a new home.

isis-killer-beheading-video-story-top A Star Wars Story Showcases New Droids, Creatures, and Locations
May 15, 2018 - 12:58
Howard said. "Also some of the humor around some of the action in Willow was something I inspired to get into Solo ". On Saturday, Alden Ehrenreich sat down with Entertainment Tonight for an interview about Solo: A Star Wars Story .

isis-killer-beheading-video-story-top Coach "Ground Chuck" dies over weekend
May 15, 2018 - 12:53
Knox compiled a regular-season record of 186-147-1, and went 7-11 in the playoffs during his 22 seasons as a head coach. We hold his family in our thoughts and prayers during this hard time", according to the Rams statement.

isis-killer-beheading-video-story-top Fulham take a step closer to EPL promotion
May 15, 2018 - 12:52
The teen is often centre of attention but said: 'I just try to play my own game. Tonight, we gave everything but it just wasn't quite enough.

isis-killer-beheading-video-story-top PM reshuffles cabinet, Goyal gets Finance, Irani divested from I&B
May 15, 2018 - 12:48
Railways and Coal Minister Piyush Goyal , meanwhile, was given temporary charge of Finance and Corporate Affairs ministries. Union Minister Smriti Irani has lost her Information and Broadcasting portfolio in a cabinet reshuffle on Monday.

isis-killer-beheading-video-story-top 'Peaky Blinders' wins big at BAFTA Television Awards
May 15, 2018 - 12:46
Sean Bean won Best Drama Actor for playing a troubled priest toiling in Liverpool in the fictional series " Broken " while Brian. John Motson was given a special award for his contribution to television on the same day he retired from football commentating.

isis-killer-beheading-video-story-top City council passes scaled-down head tax
May 15, 2018 - 12:46
The council would have needed an additional councilmember to change their no vote to a yes in order to prevent a veto. Affordable housing advocates have held several events in support of the "head tax" at Amazon's Seattle headquarters.

isis-killer-beheading-video-story-top Golden Knights' Marchessault making himself at home in Vegas
May 15, 2018 - 12:45
To that same end, if the Jets are going to predict the outcome, then they should be better prepared to push back against it. Winnipeg was in Fleury's kitchen all night but as it didn't it the 2nd Round, it didn't matter in Game 2.

isis-killer-beheading-video-story-top Samsung Galaxy J6, Galaxy J4 Rumored to Ship with Android 8.0 Oreo
May 15, 2018 - 12:44
Both the Galaxy J6 and Galaxy J4 will be running on Android 8.0 Oreo with Samsung Experience skin laid on top. Reports claim that the Galaxy Note 9 release date may be earlier than expected, perhaps as soon as July.

isis-killer-beheading-video-story-top U.S. has lost 'mediator role' in Middle East: Turkish President Erdogan
May 15, 2018 - 12:43
Erdogan said there would be three days of mourning for those killed in Gaza and planned a large rally in Istanbul for Friday. The Palestinian protests will be continued on Tuesday, too as the culmination of the "Nakba" commemoration is near.

isis-killer-beheading-video-story-top 200 million eggs have been recalled for salmonella risk: Are yours included?
May 15, 2018 - 12:40
The good news is that no reports of a person dying due to the current outbreak have been reported yet. It is not usually life-threatening, except in children and the elderly who have weaker immune systems.

isis-killer-beheading-video-story-top Google revamps storage pricing; DBX -3.7%
May 15, 2018 - 12:38
Now Google is prepping to replace the 2012 vintage Google Drive with a revamped storage service called Google One . If you have a paid Drive storage plan, you'll be automatically upgraded to Google One over the coming months.

isis-killer-beheading-video-story-top Europa, Jupiter's Ocean Moon, May Shoot Plumes of Water Into Space
May 15, 2018 - 12:29
For years Culberson has advocated for both Europa missions, ensuring they are present and accounted for in multiple budget bills. McGrath: "Gee, I really should check to see if any of them line up with any of the claimed plume detections", from Hubble.

isis-killer-beheading-video-story-top North Korea to become nuclear weapons state: Former diplomat
May 15, 2018 - 12:09
But Pyongyang had a long history of making overtures that ultimately came to nothing, he warned. Relations between China and North Korea have drastically improved recently.

isis-killer-beheading-video-story-top United Nations chief welcomes North Korea's closure of nuke test site
May 15, 2018 - 12:06
Located in mountainous terrain in the northeast of the country, Punggye-ri is less than 100 miles (160 kilometers) from China. Pompeo, who has met twice with the North Korean leader to discuss the summit, said he was "convinced" Kim shared U.S. goals.