David Tepper expected to sign deal to buy Panthers


Pittsburgh Steelers minority owner David Tepper is expected to sign on Tuesday a deal to buy the Carolina Panthers, ESPN reports.

If an agreement is set, the owners can make the sale official with a vote at next weeks owners meeting in Atlanta, GA.

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According to the report, Tepper is expected to keep the team in Carolina.

Tepper is also a part-owner of his hometown team, the Pittsburgh Steelers, so he has already been vetted by the National Football League, according to the Observer.

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Tepper, who is the founder of Appaloosa Management, is worth an estimated $11 billion.

It was reported on May 11 that Tepper was the favorite in the bidding process over SC financier Ben Navarro. There has been a lot o talk about the Panthers getting a new stadium, and if he would move the team if he didn't get one. That will set a record for the highest sale price for an National Football League team, surpassing the $1.4 billion that the Buffalo Bills were sold for in 2014.

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The Panthers were put up for sale after current owner Jerry Richardson was accused of sexual harassment and workplace misconduct.