According to several media reports, Pittsburgh Steelers minority owner David Tepper is expected to sign the deal Tuesday to buy the Carolina Panthers for roughly $2.2 billion, which will set a record for the highest sale price for an NFL team.
Tepper reportedly currently owns 5 percent of the Steelers and thus would have to sell off that interest before completing the Panthers purchase. Additionally, his potential purchase of the Panthers would need to be approved at the NFL owners meetings in Atlanta on May 22.
According to a Tuesday report by Adam Schefter of ESPN, Tepper, a Pittsburgh native and University of Pittsburgh graduate will want the Panthers football side of the business to mirror that of the Steelers.