Done. Now that the 32 league owners have approved David Tepper to purchase the Carolina Panthers he must sell his five-percent minority ownership of the Pittsburgh Steelers. The close of the sale won't be complete until July, so Tepper won't be fully... https://t.co/KlXeZo4sIR— David Newton (@DNewtonespn) May 22, 2018
David Tepper, a hedge fund founder and Pittsburgh Steelers minority owner, has been approved as the owner of the Carolina Panthers. Tepper was officially approved on Tuesday, May 22 at NFL owners meetings in Atlanta, Georgia. He needed 24 out of 32 votes from owners to be approved. The deal won't be complete until late July.
The deal is the biggest in NFL history as Tepper reportedly bought the team for a whopping $2.275 billion.
Tepper replaces Jerry Richardson after he was forced to step down due to workplace misconduct and sexual harassment allegations. The NFL is still investigating Richardson.