BREAKING: David Tepper Buys Carolina Panthers For $2.2 Billion


Hedge fund founder David Tepper has agreed to purchase the Carolina Panthers, the team announced Wednesday morning.

Tepper will pay $2.2 billion for the franchise, according to reports.

Tepper, 60, is the founder of Appaloosa Management and a minority owner of the Pittsburgh Steelers. In a March ranking of billionaires, Forbes estimated his net worth at $11 billion.