Now they’re just waiting for the ball to hike, as the NFL owners vote whether to finalize the deal next week in Atlanta — though, it’s not likely he’ll get any pushback.
Adding a veteran to the roster
Tepper, 60, made his fortune as the founder of hedge fund Appaloosa Management, a company that holds nearly $17B in assets. In 2017, he ranked fifth on Forbes list of the world’s richest hedge fund billionaires with a .
And this isn’t his first time on the turf — Since 2009, he’s owned a 5% stake of the Pittsburgh Steelers, an investment he will have to sell to buy the Panthers.
According to NYT, Tepper actually offered several hundred million less than the highest bidder, but in dire need of a leader with strong integrity, the Panthers went well below the asking price to get the best man for the job.
It’s still a hall of fame worthy deal, btw
Somewhere out there, an NFL owner is sitting in Don Shula’s steakhouse drooling over the possibilities.
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(via The Hustle)