CHARLOTTE, NC (FOX 46 WJZY) - A 'definitive agreement' has been signed to sell the Carolina Panthers to Florida hedge fund manager David Tepper, the team announced Wednesday morning.
"Bringing the Panthers and the NFL to the Carolinas in 1993 was enormously fulfilling for Rosalind and me and all of our partners,” founder Jerry Richardson said, in a written statement released on Wednesday. “We are deeply grateful for the outpouring of support over the last 25 years. You have taken the Panthers into your hearts and made them part of this warm and supportive community."
Richardson announced in December he was selling the team amid an NFL investigation for sexual and racial misconduct in the workplace.
Signs indicated that a deal between businessman David Tepper and Jerry Richardson took place on Tuesday for the sale of the Panthers. The team went for a reported $2.2 billion.
Tepper, a minority owner of the Pittsburgh Steelers since 2009, released a statement Wednesday saying, “I am thrilled to have been selected to be the next owner of the Carolina Panthers. I have learned a great deal about the community and the team over the past several months and look forward to becoming part of the Carolinas.”
Subject to NFL approval, the transaction is expected to close in July 2018.
Football season is right around the corner, and the Panthers are ready to make the stadium roar.
Charlotte's Mayor Vi Lyles released a statement on Monday:
"The City of Charlotte welcomes David Tepper as the potential new owner of the Carolina Panthers. The City Manager and his team, with the support of my office and City Council, stand ready to meet with the new owner to discuss our future with the Panthers. We look forward to continuing the outstanding community support for the team."