Back to the Carolina Panthers Newsfeed

Even at $2.275 billion, new Panthers owner David Tepper still might have bought low | The Herald

Billionaire hedge fund manager David Tepper blew some minds when he reached an agreement to purchase the Carolina Panthers for $2.275 billion, $2.2 billion of which will be paid up front, in cash.

But he still might have bought low.

The Supreme Court's decision allowing states to dictate whether or not sports betting is legal has financial implications for the NFL and its 32 franchises.

Sports betting is already a multi-billion dollar industry, and state-by-state legalization could allow teams to dip into that pool with corporate sponsorships and perhaps even on-site gambling.

Help us deliver journalism that makes a difference in our community.