Report: David Tepper’s deal to buy Panthers to be signed today

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Even with some thinking the value of sports teams is about to skyrocket with the addition of potential gambling revenues, the sale of the Panthers is proceeding as planned.

According to Seth Wickersham and Adam Schefter of ESPN, Steelers minority partner David Tepper is expected to sign the deal to buy the Panthers from Jerry Richardson today.

That keeps the transaction on track to be approved at the owners meeting in Atlanta next week.

Tepper didn’t lodge the high bid in the process, but he did have the biggest stack of cash, and the blessing of a group of owners who had already invited him into their club. And with Richardson still being investigated for workplace misconduct after last year’s reports of sexual and racial harassment, that gave the league a bit of leverage to nudge the process in a certain direction.

There were reports that other bids were in the $2.5 billion range, while Tepper’s was in the $2.1 billion to $2.2 billion range.

Lawyers were still going through the final points of the sale yesterday in Charlotte, and no speed bumps are expected in the deal.

40 responses to “Report: David Tepper’s deal to buy Panthers to be signed today

  1. I’m going to file a collusion lawsuit against the NFL for not considering my bid.

  2. Okay, with sports gambling now being legal, can we get odds on how long it will be before Tepper is accused of some type of misconduct by a current or former employee of his?

  3. This was Richardson’s wish I think. He was good friends with Rooney and close to the whole Steelers ownership group. That’s why the teams have played in every preseason for 20 years.

  4. But.. but.. but! I thought P. Diddy was going to buy them and “immediately” sign Colin Kaepernick” /s

  5. Every NFL franchise is going to be worth many more billions as soon as gambling on sports becomes legal across the nation. Betting on the NFL games has already been a huge industry, and it’s going to get much, much bigger very soon. Tepper is getting a great bargain.

  6. But wait I though P-Diddy and the greatest bunch of rich SJW’s ever seen, were gonna buy the Panthers and show team America a thing or two.

    What happened?

  7. Get over it man. Good grief.

    JustBlameTrumpOrRussia says:
    I’m going to file a collusion lawsuit against the NFL for not considering my bid.

  8. Definitely Collusion. They are obviously blackballing other bidders and that is why they took less from this bidder.

    On a side note, how rich do you have to be to turn away 300k-400k like it’s not a big deal?

  9. Wasn’t Jimmy Haslam a minority owner of the Steelers before he bought the Browns? Not saying that we can expect Tepper to have serious legal problems, but still – what’s this pipeline between minority Steeler owners being granted full majority ownership status of their own NFL franchise?

  10. Because the last Minority owner of the Steelers to get the majority of an NFL Franchise has done so well. LoL.

    Oh Well Carolina, it was good for you while it lasted. Get ready for a couple of decades of futility.

  11. tommyribs says:
    May 15, 2018 at 9:40 am
    Because the last Minority owner of the Steelers to get the majority of an NFL Franchise has done so well. LoL.

    ****************************************************************************************

    If the only commonality you’re aware of between Haslam and Tepper is that they’ve both been minority owners of the Steelers, probably should do some more homework before commenting. Their backgrounds are pretty different from each other.

  12. He will definitely be giving up his minority ownership of the Steelers to do this. Joe Gibbs had to give up his minority ownership of the Falcons to even return to the Redskins as President/GM/Head Coach a decade ago.

  13. chiveonvikes says:
    May 15, 2018 at 10:05 am
    What happened to P Diddy and the Fam buying them??

    ——

    Diddy is only very rich. To even get into the game, he would have to liquidate everything he owned and bring on multiple other partners with like financial status.

    To have the stacks to buy an NFL club, you have to be very wealthy and be able to buy a team with the change you find in your couch cushions.

  14. What’s up with all the wacky comments about Diddy? No one who understands the NFL or this sale process ever thought he was a credible lead owner. Not wealthy enough.

  15. Two questions: Is this the guy who wrote “No Easy Way Out’ for Rocky IV?

    Also, is Teabag/HGH Manning (not Memorabilia Fraud Manning) involved in this ownership group?

  16. Damn, I hope the last minority owner from the Steelers isn’t a sign of things to come for my Panthers;-). Thinking of the poor Browns is why I was hoping for the guy who owns the steel company. Please let Tepper have learned more from the Rooneys than Haslam did.

  17. @The Almighty Cabbage so its obvious you still cry yourself to sleep about the election now go join the rest of the SJWs getting ready to protest this purchase.

  18. ajames35 says:
    May 15, 2018 at 11:01 am

    What’s up with all the wacky comments about Diddy? No one who understands the NFL or this sale process ever thought he was a credible lead owner. Not wealthy enough.
    ________________________________________________________________

    Because him and Kaepernick were going to round up a bunch of their “investors”, to buy the team and use it as a protester breeding ground. Obviously, they’ve never been to North Carolina, lol.

  19. The Almighty Cabbage says:
    May 15, 2018 at 9:17 am
    Diddy got smart. Why buy an NFL franchise when the White House and everyone in it are for sale?

    You mean like when Clinton sold nights in the Lincoln bedroom for huge “campaign contributions”?

  20. tylawspick6 says:
    May 15, 2018 at 11:22 am
    Two questions: Is this the guy who wrote “No Easy Way Out’ for Rocky IV?

    ————

    outstanding reference! kudos!

  21. Say what you will about Diddy…his clothing line has some seriously hip and cutting big and tall sizes available. My brother in law swears by them.

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