Bloomberg Law
May 17, 2018, 10:29 AM UTC

Hedge Fund Titan Tepper Signs $2.3 Billion Deal for Carolina Panthers

Scott Soshnick

• Panthers sale sets record price for an NFL franchise • Previous high was Pegula’s $1.4 billion purchase of Bills

Hedge fund titan David Tepper agreed to pay $2.3 billion for the Carolina Panthers, a record price for a National Football League franchise, according to people familiar with the deal.

Tepper, who has a net worth of about $10 billion, signed the all-cash transaction Tuesday, said the people, who asked not to be identified because the matter is private. The price eclipses the $1.4 billion Terry Pegula paid for the Buffalo Bills in 2014. Tilman Fertitta paid $2.2 billion for ...

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