The Carolina Panthers Are Getting Sold... Not To Diddy Or Steph Curry
The Carolina Panthers Are Getting Sold… Not To Diddy Or Steph Curry

Source: Grant Halverson / Getty
Remember when Diddy and Steph Curry said they wanted to pool together funds to buy the Carolina Panthers?
Want the latest news and gossip at your fingertips? Text NC to 71007 to join our text club!
It turns out it never worked out and the franchise is in the process of being sold to the founder of hedge fund Appaloosa Management David Tepper. Tepper isn’t new to the franchise owning game, as he currently has a five percent stake in the Pittsburgh Panthers. According to the Charlotte Observer, who first reported the sale price of $2.2 billion dollars, this will set the record for the highest sale price of an NFL team ever.
But with Tepper’s net worth being north of $10 billion, he can afford to own a team. Part of the process includes him selling his stake in the Steelers along with the deal needing to be approved by the owners’ meetings in Atlanta on May 22. At least three-fourths of the league’s 32 owners must give the go-ahead to get the ball rolling.
Follow Us On Twitter: The Latest Music, Celebrities and Interviews: Follow @‘oldschool1053’
Sixty-year-old Tepper is committed to keeping the Panthers in Charlotte. When current owner and founder Jerry Richardson announced that he’d be selling the team at the end of the 2017-18 season, rumors then began to swirl that the new owner would try to move the franchise to a bigger city.
And even New England Patriots owner Robert Kraft thinks that wouldn’t be a good idea.
“I’d be very surprised if someone would try to move that team. First of all, Charlotte’s an amazing area. … It’s an area of growth. The fans there have been great. I think a new owner would have a very tough time getting 24 votes to move the team,” Kraft said in January.
Sign Up For Our Newsletter!
Richard put the team up for sale in 2018 amidst pressure after sexual harassment and workplace misconduct allegations were made against him.
The Latest:
- Tester testing
- Tupac Shakur’s Influence In Rap, Movies & Hip Hop Culture
- Is Abstinence Really ‘Not for Everyone?’ Rethinking The Narrative For Believers
- Single, Not Desperate: When Marketing Exploits Black Women’s Desire For Marriage [Op-Ed]
- Journaling For Resilience: Prompts To Help You Move Through Hard Times
- Lawyers Are A Girl’s Best Friend: Kim Kardashian, Niecy-Nash Betts, Sarah Paulson & More Open A Firm In The Official ‘All’s Fair’ Teaser Trailer
- Janet Jackson Will Deliver First TV Performance In 7 Years At The AMAs
- Mara Brock Akil Needs $50M to Make “Girlfriends” Movie Happen
- Tyra Banks Returns For Netflix’s America’s Next Top Model Docuseries
- An Intimate Experience: Maxwell Announces ‘The Silent Serenade Ensemble’
The Carolina Panthers Are Getting Sold… Not To Diddy Or Steph Curry was originally published on ionecassius.staging.go.ione.nyc