New Panthers Owner Could Add to Rift Between President Trump and NFL

Report David Tepper finalizes deal to buy Panthers from Jerry Richardson

David Tepper, a billionaire hedge-fund manager and a Steelers minority owner, is set to purchase the team. From Diddy and Steph Curry to a bunch of NASCAR team owners, drivers and executives, many were considering bidding.

The NFL owners will meet next week (May 21-23) and are expected to approve the first sale of a franchise since 2014 (Buffalo).

This story will be updated.

One person familiar with the sale cautioned that the terms and agreement were not yet final. Among them was Charlotte businessman Felix Sabates.

Was Diddy successful in his bid to buy the Carolina Panthers? On Monday, Rapoport reported that Tepper was finalizing his contract to purchase ownership of the team from current owner Jerry Richardson.

Tepper, though, was long the preferred buyer from inside the NFL.

Because Tepper, 60, is a minority owner of the Steelers, he has already passed the league's vetting process. Shortly after the National Football League took over the investigation into Richardson's behavior, the Panthers owner announced his intention to sell.

He even got support from New England Patriots owner Robert Kraft who said, "I'm a big fan of his". The SI report said the Panthers had reached settlements with at least four former employees regarding inappropriate workplace behavior by Richardson. And Eagles owner Jeffrey Lurie called Trump's presidency "disastrous" in a meeting with owners and players past year that was secretly recorded and leaked to The New York Times last month. The Steelers have won more Super Bowls than any other team and haven't had a losing season since 2003.

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