Want the latest news and gossip at your fingertips? Text NC to 71007 to join our text club!
It turns out it never worked out and the franchise is in the process of being sold to the founder of hedge fund Appaloosa Management David Tepper. Tepper isn’t new to the franchise owning game, as he currently has a five percent stake in the Pittsburgh Panthers. According to the Charlotte Observer, who first reported the sale price of $2.2 billion dollars, this will set the record for the highest sale price of an NFL team ever.
But with Tepper’s net worth being north of $10 billion, he can afford to own a team. Part of the process includes him selling his stake in the Steelers along with the deal needing to be approved by the owners’ meetings in Atlanta on May 22. At least three-fourths of the league’s 32 owners must give the go-ahead to get the ball rolling.
Follow Us On Twitter: The Latest Music, Celebrities and Interviews: Follow @oldschool1053
Sixty-year-old Tepper is committed to keeping the Panthers in Charlotte. When current owner and founder Jerry Richardson announced that he’d be selling the team at the end of the 2017-18 season, rumors then began to swirl that the new owner would try to move the franchise to a bigger city.
And even New England Patriots owner Robert Kraft thinks that wouldn’t be a good idea.
“I’d be very surprised if someone would try to move that team. First of all, Charlotte’s an amazing area. … It’s an area of growth. The fans there have been great. I think a new owner would have a very tough time getting 24 votes to move the team,” Kraft said in January.
Sign Up For Our Newsletter!
Richard put the team up for sale in 2018 amidst pressure after sexual harassment and workplace misconduct allegations were made against him.
- Aspiring Black Cops Say Racist Hurdles Kept Them Out Of Philly Police Force
- Should Kids Who Earn They Their Own Money Spend It On Whatever They Want? (Poll)
- Michigan Official Defends N-Word Against Black Lives Matter: ‘It Is Not Racism’
- Fake ‘Black People Vote For Trump’ Account Is Part Of Huge Takedowns By Facebook
- Joe Biden Flexes Increase Of Campaign Support With Massive Ad Buy Across 15 States
- Georgia Student Suspended After Posting Images Of School Showcasing Lack Of COVID-19 Protocol
- We Told Ya’ll: Tiffany Haddish Confirms Relationship With Common
- Lisa Bonet Gets The Jolt of a Lifetime, Thanks to Her Husband Jason Momoa!
- Keke Palmer Announces She Will Host The 2020 VMA’s And New Show On Disney Plus
- LaLa Dishes On Her Career Transformation And Motherhood In September Issue Of Essence
NFL Players Raise A Fist And Take A Knee In Protest This Season
1. Eric Reid of the San Francisco 49ersSource:Getty 1 of 9
2. Robert Quinn of the Los Angeles RamsSource:Getty 2 of 9
3. Cleveland Browns lock arms in solidarity with PoliceSource:Getty 3 of 9
4.Source: 4 of 9
5.Source: 5 of 9
6. Malcolm Jenkins #27 of the Philadelphia EaglesSource:Getty 6 of 9
7. Marcus Peters of the Kansas City ChiefsSource:Getty 7 of 9
8. Jacksonville JaguarsSource:Getty 8 of 9
9. Baltimore RavensSource: 9 of 9
The Carolina Panthers Are Getting Sold… Not To Diddy Or Steph Curry was originally published on cassiuslife.com