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Tepper expected to sign deal to buy Panthers

16 May 2018
Tepper expected to sign deal to buy Panthers

In fact, the finalization of the sale of the Carolina Panthers should not be an issue.

Tepper, 60, is a part owner of the Steelers and also a guy who does not like Donald Trump.

If the Carolina Panthers somehow manage to win the Super Bowl this season and get invited to the White House, don't expect their new owner to accept the invitation. Richardson's investment group paid $206 million for the club, according to Forbes, after he was unanimously awarded a team by the league's owners on October 26, 1993.

Richardson was the first and only majority of the Panthers. It was reported that the 81-year-old Richardson made inappropriate comments including sexually suggestive language to female employees and a racial slur directed towards an African-American employee.

On the evening of December 17, Richardson announced in a public letter that he would sell the team after the season.

The bidding process for the Panthers dragged on longer than many expected, with other bidders including Ben Navarro, the chief executive of Sherman Financial Group, and Alan Kestenbaum, the chief executive of a mining and metals companies.

Tepper told CNBC he planned to vote for Democrat Hillary Clinton for president but support Republican congressional candidates.

David Tepper is no stranger to owning an National Football League franchise, however. Per ESPN's Adam Schefter and Seth Wickersham, they're going for $2.2 billion.

How do you feel about the sale of the Carolina Panthers? In 2017 Forbes listed David Tepper as one of the top 25 highest-earning hedge fund managers. He's on the board of Robin Hood, New York City's largest poverty-fighting organization, and Tepper donated $3 million in hurricane relief to people in Houston and Puerto Rico previous year. When Hurricane Sandy devastated the New Jersey coast in 2012, Tepper gave out 12,000 $100 gift cards to people in need in 20 different communities.

Born in 1957, he grew up in what has been described as a lower middle-class Pittsburgh neighborhood as the son of an accountant (Harry) and a public school teacher (Roberta).