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Hedge Fund Manager David Tepper the Front Runner to Buy the Panthers

Signs are pointing to hedge fund manager David Tepper as the winning bidder to buy the Panthers, sources told the Charlotte Observer on Friday.

CBS and ESPN separately reported on Friday that Tepper is the leading candidate, and that the announcement could come as early as next week. A source also told the Observer that an announcement could be made next week.

Tepper, 60, is the richest of the known bidders who sought to buy the Panthers, with a net worth of $11 billion, according to Forbes. He’s also the only one already vetted by the NFL, as a part-owner of his hometown team, the Pittsburgh Steelers.

One of the sources told the Observer that Tepper’s bid was helped because he had the least complex finances and didn’t have a need for minority partners. The source also cautioned that a deal did not appear to be finalized.

Tepper could not be reached for comment Friday.

He visited Charlotte once in early April, and was in town again Wednesday meeting with team officials, E

SPN reported.


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