NFL seals Panthers sale with approval
Los Angeles (AFP)
Billionaire hedge fund manager David Tepper's acquisition of the Carolina Panthers was completed on Tuesday after the deal was unanimously approved by National Football League (NFL) owners meeting in Atlanta.
NFL commissioner Roger Goodell said the league's finance committee and team owners had given blanket approval to the sale, worth a reported $2.2 billion (1.87 billion euros).
"The first thing I care about is winning," Tepper said at a press conference after being introduced by Goodell. "The second thing I care about is winning. The third thing I care about is winning -- on and off the field."
The reported $2.2 billion sale price of the team is $800 million more than the previous record figure for an NFL team, the $1.4 billion raised in the sale of the Buffalo Bills in 2014.
The Panthers' long-time owner Jerry Richardson announced last December he was selling the team in a bombshell announcement that followed allegations of workplace misconduct.
A Sports Illustrated report said Richardson had paid off at least four women over allegations which included claims of sexual harassment and using a racial slur.
Tepper, 60, has a net worth estimated at $11 billion, making him one of the wealthiest owners in the NFL.
"A kid who couldn't afford to go to an NFL game until well into his twenties is on the verge of getting the NFL's approval to buy the Carolina Panthers," Tepper told students at Carnegie Mellon University in Pittsburgh on Sunday.
"Not too shabby."
© 2018 AFP