Health Care

David Tepper's Brass Balls Are Coming To Carolina

David Tepper's Brass Balls Are Coming To Carolina”

Tepper, a hedge fund manager who now owns 5 percent of the Pittsburgh Steelers, is worth about $11 billion according to Forbes, and would pay for the deal in cash, according to a source. The sale is expected to come in just above $2 billion.

The deal would have to be approved at the owners meetings in Atlanta in May. Tepper is worth a reported $11 billion and he bought the Panthers for somewhere in between $2.1 and 2.5 billion. The purchase has to get the approval from the National Football League financial committee and then three-fourths approval from the 32 team owners.

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

The one question Carolina fans have been most concerned with throughout this whole process is whether or not the next owner wants to keep the team in Charlotte.

According to ESPN's David Newton, Tepper was in Charlotte last Wednesday to meet with team officials.

Current Panthers owner Jerry Richardson put the team up for sale in December amid an National Football League investigation into allegations of sexual and racial workplace misconduct.

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