David Tepper's deal to buy Panthers to be signed today

David Tepper expected to become next Panthers owner

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Tepper didn't lodge the high bid in the process, but he did have the biggest stack of cash, and the blessing of a group of owners who had already invited him into their club. He went to college and business school there, then briefly moved across the OH border to do some accounting for a steel company.

Pittsburgh Steelers minority owner David Tepper is expected to sign on Tuesday a deal to buy the Carolina Panthers, ESPN reports.

The source confirmed that the Panthers will be sold for $2.2 billion, which will set a record for the highest sale price for an National Football League team. From Diddy and Steph Curry to a bunch of NASCAR team owners, drivers and executives, many were considering bidding.

According to Rapoport, an agreement is expected to happen which would allow for a vote on the sale by NFL owners at the Spring League Meeting in Atlanta, May 21-23.

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Tepper now runs Appaloosa Management, which manages about $17 billion and is based in Miami.

Always a sports fan, Tepper bought a 5 percent stake in the Steelers in 2009, the year the team won the Super Bowl.

The Panthers went up for sale after SI reported on December 17 that owner Jerry Richardson and the team made multiple confidential payouts for workplace misconduct, including sexual harassment and use of a racial slur with a team scout. "They remind me of my original hometown, Pittsburgh", Tepper told the Observer in April.

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