David Tepper a strong contender to purchase Panthers

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David Tepper a strong contender to purchase Panthers Published: Feb 20, 2018 at 10:14 AM Austin Knoblauch A frontrunner has emerged in the ' search for a new majority team owner. Billionaire hedge fund manager and philanthropist David Tepper is considered a strong contender to purchase the team, a high-ranking team executive with knowledge of the proce s told NFL Network's Mike Garafolo. Another source informed of the discu sions so far Edmundo Sosa Jersey also reiterated to Garafolo that Tepper is a strong contender, going so far as to label him the "leader in the clubhouse." Tepper, whose net worth has been estimated at $11 billion by Forbes, currently owns a five percent stake in the . If he were to purchase the , Tepper would have to sell his stake in the , as Jimmy Haslam did when he purchased the in 2012. Born in Pittsburgh, Tepper, 60, is the founder and president of Appaloosa Management, a global hedge fund firm based in Miami Beach. While Tepper is considered a leading contender to purchase the team, the are still vetting other potential candidates. South Carolina busine sman Ben Navarro is among those interested in buying the team and has been working on putting Jose Martinez Jersey together a bid, Garafolo reported. Once the make their decision, the candidate still must be approved by the NFL. Before the sale can become official, three-fourths of the league's 32 owners must approve the sale. Majority owner Jerry Richardson announced he was selling the team in December after the league took over an investigation looking into allegations of workplace misconduct against him. The officially went up for sale following the team's wild-card lo s last month. 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. The were the Matt Carpenter Jersey last team to be sold, fetching an NFL record $1.4 billion in 2014. The ' sale could surpa s that mark. 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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