Panthers announce sale to David Tepper is officially closed

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The Carolina Panthers officially have a new owner after the sale of the franchise to David Tepper, the founder and president of global hedge fund Appaloosa Management, L.P., has closed.

The team made the announcement on its official website Monday.

“I am thrilled to begin this new era of Carolina Panthers football and am humbled by the overwhelming excitement and support for the team,” Tepper said. “On behalf of the fans and myself, I thank Jerry Richardson for bringing the team to the Carolinas and for entrusting me with its future. Winning is the most important thing both on the field and in the community, and I am committed to winning a Super Bowl championship together. I look forward to being part of the Panthers’ family and to supporting this flourishing region.”

Tepper purchased the Panthers from disgraced former owner Jerry Richardson, who recently was fined $2.75 million by the NFL after claims of workplace misconduct were verified by the league.

Richardson gave his official farewell message on Monday as well.

The sale price of $2.275 billion was agreed to back on May 16, and the NFL owners unanimously approved the sale on May 22.