The Carolina Panthers are off the market.
The Panthers announced Wednesday they have signed a ”definitive agreement” to sell the team to David Tepper Jerry Hughes Jersey , the founder and president of global hedge fund Appaloosa Management.
The deal is subject to NFL approval.
League owners will meet next week in Atlanta, where they are expected to vote on the purchase. Since Tepper already has been vetted by the league as a minority owner of the Pittsburgh Steelers, the approval process is not expected to run into any snags.
The transaction is expected to close in July, the team announced.
Tepper, who has been a minority owner of the Steelers since 2009, said Wednesday in a release that he’s thrilled to become the next owner of the Panthers.
”I have learned a great deal about the community and the team over the past several months and look forward to becoming part of the Carolinas,” said Tepper, who was born and raised in Pittsburgh. ”I want to thank Jerry Richardson and the other Panthers partners for all they have done to establish and develop the NFL in the Carolinas. It has been a remarkable 25-year journey and I promise to build upon the Panthers’ success on the field and in the community.”
Tepper has a net worth of more than $11 billion, according to Forbes.
He is paying an NFL-record $2.2 billion to purchase the team, according to two people familiar with the situation. The people spoke to The Associated Press on Tuesday on condition of anonymity because the team didn’t release the selling price of the franchise.
The release didn’t mention if Tepper plans to move the team or keep it in Charlotte.
Jerry Richardson, the team’s founder and only owner, abruptly announced he was selling the team last December after coming under investigation from the league for sexual and racial misconduct in the workplace.
That investigation is ongoing.
Richardson, who rarely comments to the media Josh Jones Jersey , said in the release that bringing the expansion Panthers and the NFL to the Carolinas in 1993 was enormously fulfilling for him, his wife, Rosalind, and all of the team’s partners.
”We are deeply grateful for the outpouring of support over the last 25 years,” Richardson said. ”You have taken the Panthers into your hearts and made them part of this warm and supportive community.”
Richardson has had a strong relationship with the Rooney family in Pittsburgh through the years and is familiar with Tepper.
”I look forward to turning the stewardship of the Panthers over to David Tepper,” Richardson said. ”I have enjoyed getting to know him in this process and am confident that he will provide the organization with great leadership in both its football and community initiatives. I wish David and his family the very best as they enter this exciting new phase of their lives.”
Tepper will have full ownership of the team. He’ll need to sell his ownership stake in the Steelers once he becomes the Panthers owner.
Richardson had owned 48 percent of the franchise and the Panthers had several minority owners under the previous regime.
Tepper is expected to be more outspoken that the relatively recluse Richardson, who hasn’t granted an interview with the media in more than a decade.
Tepper once criticized President Donald Trump before the election, calling him ”demented, narcissistic and a scumbag.”
A noted philanthropist, Tepper told CNBC’s Squawk Box the day before the presidential election that Trump ”masquerades as an angel of light, but he is the father of lies.”
Tepper disputed Melania Trump’s claim that her husband was a generous, giving person in a campaign appearance. He contended Trump did not give money in the wake of some New York-area disasters.
”During Sandy, the big Sandy benefit JK Scott Jersey , the big 9/11 benefit, not one dime. Not one dime! You can’t tell me this is a charitable, generous person,” Tepper said on Squawk Box in November 2016.
Tepper went on to say, ”One thing I do with my wife, this is a thing called the Golden Rule. It has nothing to do with investments-nothing to do with investments. It says do unto others as you would have others do unto you. And that’s not being done with Trump – not at least on the good side. It just was a turning point. That’s my upbringing. I can’t help it. I can’t take it anymore. And when you lie about that stuff and you lie about fundamental beliefs.”
—
OAKLAND, Calif. — Two veteran coaches had a similar message for their teams on the eve of Game 4 of the Western Conference finals between the Houston Rockets and Golden State Warriors on Tuesday night.
“It starts 0-0,” Warriors coach Steve Kerr said of Game 4. “It doesn’t matter if we won (the previous game) by one or 41.”
In fact, the Warriors did win Game 3 on Sunday by 41 points, 126-85, to take a 2-1 lead in the best-of-seven.
The margin of victory not only was the largest in Warriors postseason history, but the margin of defeat also was the biggest ever for a team that won 65 or more games in the regular season.
Stephen Curry, who had missed 17 of his 20 3-point attempts in the first 10 quarters of the series Adolphus Washington Jersey , sent the Warriors’ home crowd into a frenzy by making 4 of 5 in the second half Sunday en route to 35 points.
It was a performance that brought back memories to Kerr of the Boston Celtics’ Danny Ainge.
“I don’t remember what I had for breakfast, but I remember what Danny Ainge said 30 years ago,” Kerr warned. “They won a playoff game by 40, and he said, ‘This is not the Tour de France. You don’t start with a big lead because it’s not based on time or how much you won by.’
“It’s the NBA, so it’s 2-1 (in the series). So doesn’t matter what happened (Sunday). We have to be ready for a great team that’s going to come out like they did in Game 2, attacking, hair on fire and taking the force to us, and we have to be ready for that.”
The Rockets’ margin of defeat Sunday was almost identical to the number of fewer points scored by Eric Gordon, P.J. Tucker and Trevor Ariza in Game 3 than in Game 2.
Key members of the James Harden/Chris Paul supporting cast — Gordon, Tucker and Ariza — combined for 23-of-33 shooting and contributed 68 points to a 127-105 series-evening home win in Game 2.
On Sunday, they went a combined 8 of 24 and 23 points in the blowout loss.
Rockets coach Mike D’Antoni wasn’t singling out anyone when he assessed the Game 3 performance.
“We didn’t bring our best game,” he observed. “But I’m hoping for the best (in Game 4). I hope we play great and them bad. Never know.”
The loss was the Rockets’ fourth of the postseason. They rebounded with wins after each of the first three Adrian Amos Jersey , romping by an average of 20.7 points.
This time, they’ll be up against a Warriors team that has won an NBA-record 16 straight playoff games at home.
D’Antoni went as far as to say the pressure is on the Warriors, who would hand the home-court advantage back to Houston with a loss in Game 4.
“I hope so,” Kerr reacted to his rival’s statement. “We’re much better when the pressure’s on. He’s right. We’re at home, so if they win, they have home-court advantage. So, yeah, pressure’s on us. It’s kind of on them, too.”
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