Register All Albums FAQ Community Experience
Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints > NFL

Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

this is a discussion within the NFL Community Forum; The Carolina Panthers are being sold for an NFL-record $2.2 billion. Hedge fund manager David Tepper has agreed to buy the Panthers from team founder Jerry Richardson, people familiar with the situation said on Tuesday (May 15). The people spoke ...

Like Tree1Likes
  • 1 Post By saintfan

Reply
 
LinkBack Thread Tools Display Modes
Old 05-15-2018, 05:28 PM   #1
 
Join Date: Sep 2007
Location: Mandeville, LA
Posts: 38,211
Blog Entries: 29
Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

The Carolina Panthers are being sold for an NFL-record $2.2 billion.

Hedge fund manager David Tepper has agreed to buy the Panthers from team founder Jerry Richardson, people familiar with the situation said on Tuesday (May 15). The people spoke to The Associated Press on condition of anonymity because the team has not yet announced the sale.

The purchase is subject to a vote at the NFL owners meeting next week in Atlanta.

The price tag is the most ever paid for an NFL franchise, eclipsing the $1.4 billion the Pegula family paid to purchase the Buffalo Bills in 2014.

Born and raised in Pittsburgh, Tepper, 60, is a part owner of the Steelers and founder and president of Appaloosa Management, a global hedge fund based in Miami.

Because he holds a five percent stake in the Steelers, Tepper's finances have already been vetted by the league, meaning it wouldn't take much for NFL owners to approve the sale. However, Tepper would have to sell his minority ownership stake of the Steelers, per league rules.

Forbes listed Tepper's net worth at $11.4 billion in February of 2017.

read more on NOLA
SmashMouth is offline   Reply With Quote
Old 05-15-2018, 11:30 PM   #2
Donated Plasma
 
Join Date: Jul 2002
Location: San Francisco, CA
Posts: 18,556
Blog Entries: 5
Re: Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

I wouldn't give a plug nickel for 'em.
SmashMouth likes this.
saintfan is offline   Reply With Quote
Old 05-16-2018, 08:16 AM   #3
Hu Dat!
 
Join Date: Dec 2004
Posts: 6,726
Blog Entries: 13
Re: Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

Congrats Panthers, you just got bought by the wolf of wall street.
neugey is offline   Reply With Quote
Old 05-16-2018, 08:57 AM   #4
Site Donor 2018
 
Join Date: Mar 2008
Location: Thibodaux
Posts: 43,543
Blog Entries: 39
Re: Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

jeanpierre is offline   Reply With Quote
Old 05-16-2018, 10:44 AM   #5
5000 POSTS! +
 
Join Date: Dec 2004
Location: South Of The Mason Dixon Line
Posts: 7,113
Re: Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

Junk Bonds, Junk QB, Junk... well y'all know the rest.
RailBoss is offline   Reply With Quote
Old 05-16-2018, 11:57 AM   #6
Site Donor 2019
 
Join Date: Jan 2013
Location: Bedford, TX
Posts: 24,624
Blog Entries: 3
Re: Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

Originally Posted by RailBoss View Post
Junk Bonds, Junk QB, Junk... well y'all know the rest.
Michael Milken always comes to mind.

Buy oh yeah ... Fig Newton -- > junk .
K Major is online now   Reply With Quote
Old 05-16-2018, 02:55 PM   #7
1000 Posts +
 
Join Date: Aug 2007
Posts: 4,525
Re: Carolina Panthers to be sold for record $2.2 billion to hedge fund manager David Tepper

Trade all "good" players for a pile of draft picks then tank for two years....CHAMPIONSHIP!!!
vpheughan is offline   Reply With Quote
Reply


Posting Rules


All times are GMT -5. The time now is 02:07 PM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts