Carolina Panthers to Be Sold for Record $2.275 Billion USD

David Tepper bid a stunning $2.275 billion USD for the Carolina Panthers, breaking the record for highest sale in the history of the National Football League. The founder of global hedge fund Appaloosa Management, Tepper has an approximate net worth of $11 billion USD, and will reportedly pay cash for nearly all of the transaction. Tepper will relinquish his 5% stock in the Pittsburgh Steelers to make the purchase. The second highest sale in the league's history is 2014's Buffalo Bills sale at $1.4 billion USD.

The Panthers were put up for sale after allegations of sexual harassment and workplace misconduct surfaced against the previous owner, Jerry Richardson, in December.

Elsewhere, the Philadelphia Eagles drafted an inexperienced rugby player late last month.

Click here to view full gallery at HYPEBEAST

Continue Reading at https://hypebeast.com/


Fatal error: Allowed memory size of 67108864 bytes exhausted (tried to allocate 20 bytes) in /home/content/93/6869993/html/wp-includes/wp-db.php on line 1906