David Tepper
Pittsburgh Steelers minority owner David Tepper is set to become the new owner of the Carolina Panthers. (David Orrell | CNBC)

Pittsburgh Steelers minority owner David Tepper is set to become the new owner of the Carolina Panthers. Adam Schefter reported the news of the deal on Twitter.

The deal to buy the Panthers franchise will be worth around $2.2 billion. The purchase needs approval from the NFL financial committee and then three-fourths approval from the other NFL owners.

There has been some speculation that new ownership would mean moving the franchise to another city, but Schefter reports that Tepper has no interest in moving. Tepper will need to sell his 5% of Steelers ownership before he can make the purchase of the Panthers franchise.

The Panthers went up for sale after accusations of sexual harassment by then-owner Jerry Richardson during his tenure with the organization. Richardson allegedly made verbal comments about women’s appearances, inappropriately touched female employees and made other sexual comments.

Teller, by his resume, seems to be the best fit for ownership of an NFL franchise. His great works include donating around $3 million to hurricane relief in Texas and Puerto Rico and handing out thousands of gift cards to people affected by hurricane Sandy in 2012.

 

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