Jerry Richardson has agreed to sell the Carolina Panthers to David Tepper for $2.2 billion in cash, according to Katie Peralta of the Charlotte Observer. The deal is expected to be signed today.
Hedge fund manager David Tepper expected to sign a deal to buy the Panthers for $2.2 billion in cash today, source close to the matter tells @theobserver. Story to come.
— Katie Peralta (@katieperalta) May 15, 2018
Tepper is the founder of hedge fund Appaloosa Management and has been a minority owner of the Pittsburgh Steelers since 2009.