Carolina Panthers
Division: nfc south
Team Record: 7 - 8
Latest Panthers Score
10
38
1/3/2016, Buccaneers @ Panthers
Next 3 games
Sun 10/12 1:00 pm
Tepper expected to sign Panthers purchase deal
| 7 days ago

Billionaire David Tepper is expected to sign a deal to purchase the Carolina Panthers, multiple media outlets reported on Tuesday.

Per reports, the deal could be completed as early as later in the day.

The sale is expected to come in at $2.2 billion, marking a record for the highest sale price for an NFL team. That price would surpass the $1.4 billion for which the Buffalo Bills were sold in 2014.

Tepper will have to sell his five percent minority stake in the Pittsburgh Steelers and have the deal approved by three-fourths of NFL owners (24) at the owners meetings in Atlanta next week.

The 60-year-old Tepper founded Appaloosa Management, a hedge fund company based in Miami Beach (Fla.) and is worth an estimated $11 billion, according to Forbes.

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