The David Tepper era of the Carolina Panthers organization has begun.
The $2.275-billion sale of the franchise to Tepper was made official Monday, the team announced.
Tepper, 60, is the founder and CEO of global hedge fund Appaloosa Management, and has a net worth of over $11 billion according to a 2017 Forbes assessment.
A Pittsburgh native, he was also formerly a minority owner of the Pittsburgh Steelers franchise, but had to sell his 5 percent stake before becoming the Panthers' owner.
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