David Tepper finalizes Panthers purchase

David Tepper finalizes Panthers purchase

If an agreement is set, the owners can make the sale official with a vote at next weeks owners meeting in Atlanta, GA.

Pittsburgh Steelers minority owner David Tepper is expected to sign on Tuesday a deal to buy the Carolina Panthers, ESPN reports. Tepper founded Appaloosa Management, a hedge fund company based in Miami Beach, Florida, and is worth an estimated $11 billion.

In order for the sale to become official, three-fourths of National Football League team owners (24) must approve the team's purchase.

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.

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

According to Ian Rapport of NFL Network, Tepper would like to see the Panthers stay in Charlotte.

The Panthers went up for sale after SI reported on December 17 that owner Jerry Richardson and the team made multiple confidential payouts for workplace misconduct, including sexual harassment and use of a racial slur with a team scout.

The Panthers also quickly announced an internal investigation, but a hastily assembled National Football League probe into Richardson subsumed it.

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