David Tepper emerging as favorite to buy Panthers

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David Tepper emerging as favorite to buy Panthers Published: May 11, 2018 at 06:31 AM Around the NFL Writer Might the have a new owner before Memorial Day? NFL Network Insider Ian Rapoport reported Friday that owner Jerry Richardson has zeroed in on hedge fund manager David Tepper as the best candidate to buy the team, according to multiple sources. If the proce s continues to move forward, materials could be distributed to the finance committee next Aaron Judge Jersey week in advance of a po sible vote by owners at the Spring League Meeting in Atlanta, May 21-23. If the finance committee approves, the league owners are likely to approve, Rapoport added. Tepper, a minority owner of the since 2009, has long been considered the favorite. Along with the league's familiarity with the hedge fund manager, his plans to keep the in Charlotte are key. Rapoport reported Tepper believes in the market, per sources familiar with his thinking. Tepper and the are in the proce s of trying to close out a deal, but finalists Alan Kestenbaum and Ben Navarro have not been fully ruled out. Tepper, worth an estimated $11 billion, is the only potential owner who could be approved by NFL owners at the league meeting in Atlanta in two weeks, per Rapoport. The other two face significant questions. If Tepper is not the next owner Gio Gonzalez Jersey of the , the question of who will succeed Richardson will linger into the summer. In order for the sale to become official, three-fourths of NFL team owners must approve the team's purchase. Richardson announced in December after the league took over an investigation looking into allegations of workplace misconduct against him. The officially went up New York Yankees Jersey for sale following the team's wild-card lo s in January. Richardson, the franchise founder, ceded day-to-day control of the team in December to Tina Becker, a 20-year employee of the team who was promoted to chief operating officer. Richardson, 81, remains under NFL investigation. This article has been reproduced in a new format and may be mi sing content or contain faulty links. Please use the Contact Us link in our site footer to report an i sue.
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