Sale of Carolina Panthers officially closed

- David Tepper is officially the new owner of the Carolina Panthers after the sale was finalized on Monday. 

The team announced that the sale closed around 3:00 p.m. on July 9. 

RELATED: SOLD! David Tepper to buy Panthers for $2.2 billion

“I am thrilled to begin this new era of Carolina Panthers football and am humbled by the overwhelming excitement and support for the team," Tepper said.

Tepper signed an agreement to purchase the team on May 16. The NFL owners approved the purchase on May 22 at the annual NFL Spring Meeting in Atlanta. 

RELATED: Done Deal: David Tepper approved as new owner of Panthers

"On behalf of the fans and myself, I thank Jerry Richardson for bringing the team to the Carolinas and for entrusting me with its future. Winning is the most important thing both on the field and in the community, and I am committed to winning a Super Bowl championship together. I look forward to being part of the Panthers’ family and to supporting this flourishing region.”

Richardson released a farewell letter shortly after the sale was officially closed, saying, in part: "I wish Mr. Tepper all the best, the team is in good hands. Carolina is and will be a contender."

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