Steelers minority owner David Tepper set to buy Panthers

Report David Tepper wants to keep the Panthers in Charlotte

One of the immediate topics of interest in Charlotte is whether Tepper will invest in a stadium renovation or build a new home for the Panthers.

Pittsburgh Steelers minority owner David Tepper is expected to sign on Tuesday a deal to buy the Carolina Panthers, ESPN reports.

Richardson agreed to step aside, and one reason he is honed in on Tepper is because Tepper reportedly wants to keep the Panthers in Charlotte and because his approval as team owner will materialize much faster than other candidates' approval.

That will set a record for the highest sale price for an National Football League team, surpassing the $1.4 billion that the Buffalo Bills were sold for in 2014.

The sale, which must be approved by at least three-quarters of the N.F.L.'s owners, comes five months after Richardson said that he would sell the team.

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The NFL owners are set to meet in Atlanta on May 22 and May 23.

Born and raised in Pittsburgh, Tepper, 60, is a part owner of the Steelers and founder and president of Appaloosa Management, a global hedge fund based in Miami. He earned an MBA from Carnegie Mellon University, although it had a different name when he was attending - it's been called the Tepper School of Business ever since the magnate donated $55m to the school in 2004. Tepper, as La Canfora has reported, can stroke a check fro $2.2 billion.

Tepper is known for his philanthropy.

Richardson has been the only majority of the Panthers. Carolina have twice reached the Super Bowl, most recently in 2015, but have never won.

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