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.
The deal would have to be approved at the owners meetings in Atlanta in May.
Tepper has always been the favorite to buy the Panthers.
Interestingly, Tepper looks set to spend *only* $2.2 billion, a number which is actually on the small side for a team in the wealthiest sports league in North America.
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Newcastle fans should have a lot to look forward to, especially if Benitez is offered a contract extension. Emenalo is now the sporting director at AS Monaco and has not been replaced at Chelsea .
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Tepper, 60, would have to sell his 5 percent stake in the Steelers before completing the purchase of the Panthers.
"Most likely, a new owner would need much more than $300 million because it would not be easy to find enough minority investors willing to fund the remainder of the purchase given those investors would have no say in how the Panthers are run". After being vetted, however, the sale is assumed to proceed without hitches.
The 60-year-old Tepper was born in Pittsburgh, attended the University of Pittsburgh and earned an MBA from Carnegie Mellon in 1982 - the business school now dons his name.
Navarro, who's global financial services firm Sherman Financial is worth $2 billion, reportedly bid $2.6 billion on the team, and as of last week was still seeking limited partners to pitch in, even National Football League legend Peyton Manning according to one report.