Panthers sold for $2.2 billion to Trump critic
The Carolina Panthers announced Wednesday they have signed a “definitive agreement” to sell the team to David Tepper, the founder and president of global hedge fund Appaloosa Management. The deal is subject to NFL approval.
Tepper has a net worth of more than $11 billion, according to Forbes.
He is paying an NFL-record $2.2 billion to purchase the team, according to two people familiar with the situation. He will pay virtually all of it in cash.
Tepper has repeatedly criticized President Donald Trump, and called him “demented, narcissistic and a scumbag” before the election.