Today our affiliate station in Binghamton, NY reported hedge fund manager David Tepper has finalized a deal between $2.1 and $2.5 billion dollars to become the new owner of Carolina's team.
Tepper, who is the founder of Appaloosa Management, is worth an estimated $11 billion.
The deal would have to be approved at the owners meetings in Atlanta in May.
In order for the sale to become official, three-fourths of National Football League team owners (24) must approve the team's purchase.
There has been a lot o talk about the Panthers getting a new stadium, and if he would move the team if he didn't get one.
"In the end, the National Football League may be able to trumpet that the sale price of the Panthers was in the $2.4B-$2.5B range, one well-placed source theorized, by including a clause in the sale price that Tepper would have to pay an additional $200-$300M should he move the team within a certain time frame, or something along those lines", La Canfora wrote.
According to Ian Rapport of NFL Network, Tepper would like to see the Panthers stay in Charlotte.
Panthers owner Jerry Richardson put the team up for sale shortly after sexual harassment allegations were published by Sports Illustrated in December.