David Tepper Expected To Sign Purchase Deal For Panthers

David Tepper Expected To Sign Purchase Deal For Panthers

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AP Photo/Mel Evans

Current Pittsburgh Steelers minority owner David Tepper is exepcted to to sign a purchase deal that will make him the new owner of the Carolina Panthers, a move that have been rumored for some time, according to ESPN’s Seth Wickersham and Adam Schefter.

The report indicates that the total sale price for the Panthers franchise will be $2.2 billion which will set a record for the highest sale price for an NFL team, surpassing the $1.4 billion pricetag that the Buffalo Bills were sold for back in 2014.

The deal would be expected to be approved at the owners meetings in Atlanta on May 22, and will need approval from the NFL financial committee and then three-fourths approval from the 32 owners to finalize.