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Carolina Panthers

David Tepper Expected To Sign Purchase Deal For Panthers

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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.

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media and DiMoro Enterprises LLC. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony hosts the Anthony DiMoro Show podcast, and formerly hosted the 'Forbes SportsMoney Podcast'.

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Carolina Panthers

Ex-Panthers Owner Jerry Richardson Fined $2.75 Million

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The National Football League has announced a fine levied on former Carolina Panthers owner Jerry Richardson after finding allegations of workplace misconduct were substantiated.

Per the announcement, most of the funds from the fine will be used to support “organizations dedicated to addressing race and gender-based issues in and outside of the workplace.”

Richardson owned the Panthers from the time of their inception up until their sale earlier this year. The 81-year old announced his intention to sell the team following the scathing report from Sports Illustrated’s L. Jon Werthem and Viv Bernstein exposed sexual harassment and racism allegations against Richardson.

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Carolina Panthers

Panthers’ Torrey Smith Said NFL ‘dropped the ball’ With New Anthem Policy

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Carolina Panthers wide receiver Torrey Smith is not a fan of the leagues new rule that requires players to either stand during the national anthem or stay in the locker room, saying that the league has “dropped the ball”.

Smith believes that the new policy could have a negative impact as he believes that it can lead to more problems and more protests.

“When you see reactive policy … I always think that’s a problem,” Smith said on Tuesday, according to ESPN. “Especially when the message has been changed and guys aren’t against the military and they’ve been protesting for what [Colin] Kaepernick originally started, against [police] brutality.

“It almost makes it seem like a guy like Kaepernick and Eric Reid and guys who started it originally, like what they did was in vain, like they were villains. That’s not the case.”

“You’re disappointed but not surprised,” Smith said. “At the end of the day, the league is about money, it’s a business. To try to silence those guys when they’re trying to do the right thing for our country, I don’t know what to say about it.

“It could stir things up, which is a problem. Because you’re stirring things up because you’re being told to be quiet, when it could have been done together to figure out what we can do to move forward and what would be best for the players.”

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Carolina Panthers

David Tepper Front-Runner To Buy Panthers

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David Tepper is the frontrunner to succeed Jerry Richardson as the owner of the Carolina Panthers, according to a joint report from the Charlotte Observer.

The hedge-fund billionaire, worth approximately $11 billion, has the most capital of any of the parties currently in the bidding, per the report.

Tepper was in Charlotte on Wednesday meeting with team officials.

According to NFL Network insider Ian Rapoport, Jerry Richardson has honed in on Tepper adding that Tepper wants to keep the Panthers in Charlotte.

While a deal is not finalized, it could be ready to be approved by the next set of owners’ meetings in Atlanta later this month and Tepper could be in line to be the only potential buyer that could receive approval.

According to CBS Sports’ Jason La Canfora, a finalized deal could be announced early next week and stated that he would be “shocked” if Tepper didn’t win the bidding.

 

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