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New owner David Tepper reaches agreement to purchase Carolina Panthers

New owner David Tepper reaches agreement to purchase Carolina Panthers

Hedge fund manager David Tepper signed an agreement to purchase the Carolina Panthers, the team announced Wednesday. The sale is expected to come in at $2.2 billion, marking a record for the highest sale price for an NFL team. That price would surpass the $1.4 billion for which the Buffalo Bills were sold in 2014. "I am thrilled to have been selected to be the next owner of the Carolina Panthers," Tepper said in a statement. "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. 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.