Deal to purchase Carolina Panthers expected to be signed on Tuesday

Report David Tepper wants to keep the Panthers in Charlotte

CHARLOTTE, N.C. The Carolina Panthers are being sold for an NFL-record $2.2 billion. Tepper, as La Canfora has reported, can cut a check for $2.2 billion.

The sale price was confirmed by two people with knowledge of the deal. The purchase is subject to a vote at the National Football League owners meeting next week in Atlanta.

His purchase will mean he must sell his stake in the Pittsburgh Steelers. Richardson made his money as a fast-food magnate.

On the evening of December 17, Richardson announced in a public letter that he would sell the team after the season.

Their 2018 NBA Draft Lottery odds
The Grizzlies, Mavericks, and Hawks all have at least a 13 percent chance of taking home the No. 1 spot on Tuesday as well. Nobody seems to have any idea what the Magic do there and it's entirely possible they basically start from scratch, again.

Tepper emerged as the early leader, although Navarro at one point appeared to take the lead. On Monday, Rapoport reported that Tepper was finalizing his contract to purchase ownership of the team from current owner Jerry Richardson.

Barring a shocking turn of events, that will finally come to fruition on Tuesday with the sale being made official. According to Sports Illustrated's L. Jon Wertheim and Viv Bernstein, the Panthers owner paid out settlements to at least four employees.

According to WIS, Tepper is the founder and president of Appaloosa Management, which is a global hedge fund based in Miami Beach, Florida. He also has a strong philanthropy résumé, particularly in areas where he has lived. He's on the board of Robin Hood, New York City's largest poverty-fighting organization, and Tepper donated $3 million in hurricane relief to people in Houston and Puerto Rico previous year. After Hurricane Sandy, Tepper donated $200,000 in gift cards to families affected by the storm.

Related News:

  • Draft Lottery set to impact futures of NBA teams

    Draft Lottery set to impact futures of NBA teams

    The Grizzlies (19.9 percent) and Mavericks (13.8 percent), respectively, have the next best odds of picking first. It looks like the Lakers' pick could wind up at No. 10, but the lottery will make that final determination.
    Duke University graduates its class of 2018

    Duke University graduates its class of 2018

    And certainly the slogan that did come up was "Think Different" keeping in tune to what Apple had as its slogan in the late 90s. However, it has often been touted as an example of a firm that doesn't need to spy on everything that its users do.
    Major changes in Union Cabinet; Piyush Goyal gets finance

    Major changes in Union Cabinet; Piyush Goyal gets finance

    The pros and cons of stopping Free Dish will be sent to the ministry for it to take a call on it, PTI reported. This will likely be Prime Minister Modi's final reshuffle before the 2019 general election.
  • PNB Misrepresented Factual Position on LoUs to RBI: CBI Charge Sheet

    PNB Misrepresented Factual Position on LoUs to RBI: CBI Charge Sheet

    PNB's earnings will be pressurised as it will have to make enough provisions to deal with the scam-related payouts to other banks. The fraud was allegedly perpetrated despite the circulars issued by RBI, which was in the knowledge of senior officials of PNB.
    The Soros Foundation is suspending its operations in Hungary: the reason

    The Soros Foundation is suspending its operations in Hungary: the reason

    Soros' Open Society Foundations is shifting local staff to Berlin , the group said in a statement Tuesday. Some Hungarian Jews, in addition to Soros himself, find the campaign anti-Semitic.
    DB Hall retires after 14 seasons

    DB Hall retires after 14 seasons

    Hall was injury-prone during the latter stages of his career, playing in just 22 games in his final four seasons. He was traded to the Oakland Raiders in March 2008 but lasted just eight games in the Bay Area before being cut.
  • Hart dropped from England squad

    Hart dropped from England squad

    Alex Iwobi Arsenal's teammate Jack Wilshere has reportedly been a drop from England squad for the upcoming World Cup. We know these players and we believe that, in the long term, some of them can be world class players.
    Garver's RBI double in 11th helps Twins beat Angels

    Garver's RBI double in 11th helps Twins beat Angels

    Logan Morrison has seen a lot of talent throughout his eight-year career, but he's never seen anything quite like Shohei Ohtani . Minnesota then strung together three consecutive hits, including an RBI double by Byron Buxton and an RBI single by Joe Mauer .
    Fulham end play-off hoodoo to reach Championship final

    Fulham end play-off hoodoo to reach Championship final

    The Cottagers came from behind to secure their place at Wembley thanks to second-half goals from Ryan Sessegnon and Denis Odoi. The Rams would have wanted to put up more of a fight and they are condemned to an 11th successive season in the second tier.
  • Benitez calls for united front at Newcastle

    Benitez calls for united front at Newcastle

    This is surely already going to be crowned as worst Newcastle United transfer exclusive of the whole summer. We need to know if everyone has the same ambitions. "There is more respect for the coach's job".
    Arfield becomes Gerrard's first Rangers signing

    Arfield becomes Gerrard's first Rangers signing

    Rangers' season is over, but they have wasted no time in making plans for the 2018/19 campaign by signing Canada worldwide Scott Arfield from Burnley .
    This Country, Three Girls Each Score Two BAFTA TV Awards

    This Country, Three Girls Each Score Two BAFTA TV Awards

    In the worldwide category, the BAFTA was awarded to The Handmaid's Tale , the adaptation of Margaret Atwood's dystopian novel. On the comedy front, " This Country " won Best Comedy Series over " Catastrophe ", "Chewing Gum" and "Timewasters".


Most liked

Jared Kushner to name for unity at Jerusalem embassy dedication
Kurtz said the violence was "clearly" precipitated by Hamas, but media outlets make it look like Israel was responsible. "Fifty-two people die in protest over moving American Embassy to Jerusalem ".

Seattle Mariners Robinson Cano Suspended
On Tuesday, Cano got more bad news, this time from Major League Baseball itself. "Today I chose to accept MLB's suspension". Robinson Cano had recently been injured after getting hit by a pitch during Sunday's game again the Detroit Tigers .

Amazon Go store coming to Chicago
The Seattle stores sells ready-made sandwiches, salads and other lunch items as well as drinks, desserts and snacks. The company has announced that two more Amazon Go stores are coming to major cities before the year is through.

Melania Trump's Embolization Procedure Explained
Trump has acknowledged reimbursing his lawyer for the payment to porn star Stormy Daniels but denies her allegations. Separately, a former Playboy model has revived her allegations of a 10-month affair with Trump in 2006.

Tom Wolfe, Pyrotechnic Nonfiction Writer and Novelist, Dies at 87
The "new journalism" reporter and novelist insisted that the only way to tell a great story was to go out and report it. In 1990, it was for the big screen in a movie starring Tom Hanks, Kim Cattrall, Melanie Griffith and Bruce Willis.

European super league inevitable, says Arsenal boss Arsene Wenger
The Gunners boss will leave the club after nearly 22 years at the helm when the final whistle blows at Huddersfield today. "It is inevitable.

US ready to offer North Korea security assurances, investment: Pompeo
Analysts say that while the closure of the site is important, it does not represent a material step toward full denuclearisation. It was following that trip that Pompeo returned home with three Americans who had been imprisoned in North Korea .

Spike Lee's 'BlacKkKlansman' Unveils Explosive First Trailer
The flick has the potential to be as enjoyable a movie as we've ever seen from Lee. "It's not a black, white, or brown [problem], it's everybody".

Ramadan to begin Thursday as Saudi moon observers sight no crescent
If the crescent moon is spotted on Tuesday 15 May, it will be announced that Ramadan will begin on Wednesday May 16. It is observed as the month of fasting ( Sawm ) to celebrate the first revelation of the Quran to Prophet Muhammad.

Albemarle County to Hold Primary Election to Nominate GOP Candidate
Republican Congressman Ryan Fitzpatrick is also in the crosshairs of Democrats in a swing district, the Post reports. Knute Buehler, businessman Sam Carpenter and Naval officer Greg Wooldridge are among the choices.

Gap Apologizes For T-Shirt's Map Of China That Excluded Taiwan
Geographically, Tibet appears slightly to the left of the T-shirt's map of China, with Taiwan missing to the right. The offending shirt portrayed a map of China that didn't adhere to Beijing's territorial claims.

5-year-old attacked by bear in Grand Junction
CPW told CBS Denver Sunday afternoon they have set up three traps in the neighborhood which will be left overnight. The child's mother discovered the attack when she heard screaming and saw a large black bear dragging the girl.

Facebook Deletes 500 Million Fake Accounts In Effort To Clean Up Network
Overall, the social giant estimated that around 3%-4% of active Facebook accounts on the site during Q1 were still fake. The platform also revealed how much content its automated systems were picking up and how much was reported by users.

Former Bills coach Chuck Knox passes away at 86
Knox became the Lions' offensive line coach in 1967 and missed out on the Jets' win in Super Bowl III the next season. In 2005, Knox was inducted into the Seahawks Ring of Honor in recognition of his achievements with the franchise.

Marchessault's two goals lift Vegas over Jets in National Hockey League playoffs
NHL Playoff party at Match Eatery in the Casino with live entertainment at intermission and the Jets vs Knights playoff game. The Golden Knights' only loss at T-Mobile Arena (4-1) this spring was in double overtime to the San Jose Sharks .