Tepper Buys Panthers Pending Nfl Approval

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David Tepper and the Carolina Panthers announced an agreement in principle is in place to transition ownership from franchise founder Jerry Richardson pending NFL approval.

Tepper will reportedly pay between $2.2 billion and $2.3 billion for the Panthers, an expansion franchise in 1995. Other bidders conceded Tuesday to Tepper’s final bid, which is well above the NFL-record $1.4 billion sale of the Buffalo Bills in 2014.

“I am thrilled to have been selected to be the next owner of the Carolina Panthers,” Tepper said in a joint statement distributed by the Panthers on Wednesday morning. “I have learned a great deal about the community and the team over the past several months and look forward to becoming part of the Carolinas. I want to thank Jerry Richardson and the Panthers’ partners for all they have done to establish and develop the NFL in the Carolinas. It has been a remarkable 25-year journey and I promise to build upon the Panthers’ success on the field and in the community.”




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