According to yesterday’s press release by The Carolina Panthers, the sale of the entire Charlotte franchise has just closed with new owner David Tepper.
“I am thrilled to begin this new era of Carolina Panthers football and am humbled by the overwhelming excitement and support for the team,” Tepper said. “On behalf of the fans and myself, I thank Jerry Richardson for bringing the team to the Carolinas and for entrusting me with its future. Winning is the most important thing both on the field and in the community, and I am committed to winning a Super Bowl championship together. I look forward to being part of the Panthers’ family and to supporting this flourishing region.”
David Tepper's introductory press conference 11 a.m. EST https://t.co/iCF2V9srBF
— Carolina Panthers (@Panthers) July 10, 2018
Yesterday’s sale is now officially the highest price ever paid for an NFL team, surpassing the $1.4 billion that the Buffalo Bills were sold for in 2014.
Tepper has an estimated net worth is in excess of $11 billion and is the founder and current president of Appaloosa Management.
He is planning on keeping the Panthers in Charlotte for the time being.