David Tepper Finalizing Deal to Buy Panthers

Receiver D.J. Moore makes a reception during Day 1 of the Carolina Panthers’ rookie mini camp on Friday

Receiver D.J. Moore makes a reception during Day 1 of the Carolina Panthers’ rookie mini camp on Friday

The sale of the Carolina Panthers to hedge fund manager David Tepper is expected to be executed soon.

The deal would have to be approved at the owners meetings in Atlanta in May.

Interestingly, Tepper looks set to spend *only* $2.2 billion, a number which is actually on the small side for a team in the wealthiest sports league in North America.

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ESPN also confirms Tepper, who is worth $11 billion according to Forbes magazine, is committed to keeping the team in Carolina. For Tepper to be able to take over, at least three-fourths of the NFL's owners must vote to approve him.

For the second time in six years a minority owner of the Pittsburgh Steelers is moving on to owning their own National Football League franchise.

According to Ian Rapport of NFL Network, Tepper would like to see the Panthers stay in Charlotte.

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One of the biggest concerns for Panthers fans were if Tepper would want to move the Panthers to a different city.

The Carolina Panthers were put up for sale last season, following sexual harassment and racial misconduct allegations against owner Jerry Richardson.

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