Even with some thinking the value of sports teams is about to skyrocket with the addition of potential gambling revenues, the sale of the Panthers is proceeding as planned.
That keeps the transaction on track to be approved at the owners meeting in Atlanta next week.
Tepper didn’t lodge the high bid in the process, but he did have the biggest stack of cash, and the blessing of a group of owners who had already invited him into their club. And with Richardson still being investigated for workplace misconduct after last year’s reports of sexual and racial harassment, that gave the league a bit of leverage to nudge the process in a certain direction.
There were reports that other bids were in the $2.5 billion range, while Tepper’s was in the $2.1 billion to $2.2 billion range.
Lawyers were still going through the final points of the sale yesterday in Charlotte, and no speed bumps are expected in the deal.