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NFL Team Is Sold — for a Record Price

May 15, 2018  •  Post A Comment

An NFL team just got a new owner, who will pay the record price of $2.2 billion for the team. CBS Sports reports that billionaire hedge fund manager David Tepper will be shelling out for the Carolina Panthers.

“This blasts past the previous highest price fetched by an NFL franchise, when the Buffalo Bills were purchased by Terry and Kim Pegula for $1.4 billion,” the story reports.

Tepper is also a minority owner of the Pittsburgh Steelers.

“Rumors of the Panthers generating a $2.5 billion sale price percolated for months leading up to the sale after the investigation began into current/soon-to-be-former owner Jerry Richardson’s misconduct in the workplace,” the report notes. “Shortly after the NFL took over the investigation into Richardson’s behavior, the Panthers owner announced his intention to sell.”

2 Comments

  1. Isn’t it a conflict of interest to own one team and be a partial owner of another? Now that gambling is allowed, this could become an issue for gamblers.

  2. Oh yea, we get to change one jerk team owner for another. Good thing I’m not an NFL fan. Glad I moved out of Mecklenberg Co. so I won’t be paying the higher taxes for the new stadium. (You know it is coming.)

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