In this April 14, 2015 file photo, billionaire hedge fund manager David Tepper addresses a gathering in Toms River, N.J. The spotlight turned to Tepper this week when legislative budget forecaster Frank Haines cited the ... (AP Photo/Mel Evans, File)
CHARLOTTE, NC (WIS) -
The Carolina Panthers and the NFL have reached an agreement, in term, with a Florida-based hedge fund manager to be the team's next owner, the team reported Wednesday morning.
“I am thrilled to have been selected to be the next owner of the Carolina Panthers," Tepper said. "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. I want to thank Jerry Richardson and the other Panthers partners for all they have done to establish and develop the NFL in the Carolinas. It has been a remarkable 25-year journey and I promise to build upon the Panthers’ success on the field and in the community.”