ESPN's Adam Schefter announced Tuesday that David Tepper is expected to be the new owner of the Carolina Panthers. After he signs, the deal would most likely be approved at the owners meetings in Atlanta next week.
Tepper is expected to buy the Panthers for $2.2 billion, an NFL record. Tepper currently owns five percent of the Pittsburgh Steelers and is expected to mirror the business side of the franchise, according to Schefter. Tepper is the founder of global hedge fund Appaloosa Management.
Steelers’ minority owner David Tepper is expected to sign the deal today to buy the Panthers and keep them in Carolina, league sources tell @SethWickersham and me. The deal then would be expected to be approved at the owners meetings in Atlanta on May 22.— Adam Schefter (@AdamSchefter) May 15, 2018