David Tepper to buy Panthers for $2.2 billion, reports say
$2.2B is almost 60% more than the pegulas paid for the bills in 2014.
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$2.2B is almost 60% more than the pegulas paid for the bills in 2014.
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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.David Tepper to buy Panthers for $2.2 billion, reports say
$2.2B is almost 60% more than the pegulas paid for the bills in 2014.
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Hedge-fund manager.
the WSJ reported that another group made a higher bid, but tepper's bid included more cash:The report I read said it was $2.2 billion .... in cash.
Probably not "small, unmarked bills", but still .... cash.
For perspective, the entire federal food safety and inspection budgets (total of a couple different departments) were less than $2.2 billion, last I checked.
Hedge-fund manager.
Tepper, though, was long the preferred buyer from inside the NFL. While other candidates would have needed to go through a more rigorous vetting process of their financials and their backgrounds, Tepper is a known quantity as a current minority owner of the Pittsburgh Steelers. He will have to give up that stake to become the Panthers’ majority owner.
The $2.2 billion price, first reported by the Charlotte Observer, breaks the previous high for an NFL team, $1.4 billion by the Buffalo Bills in 2014.
Although at least one bid during the process reached higher than Tepper’s, according to a person familiar with the matter, that was contingent on getting minority partners on board. Other factors, including Tepper’s ability to pay more in cash and the fact that his approval appears to be a formality, were other potential factors, the person said.
The report I read said it was $2.2 billion .... in cash.
Probably not "small, unmarked bills", but still .... cash.
For perspective, the entire federal food safety and inspection budgets (total of a couple different departments) were less than $2.2 billion, last I checked.
Hedge-fund manager.
The report I read said it was $2.2 billion .... in cash.
Probably not "small, unmarked bills", but still .... cash.
For perspective, the entire federal food safety and inspection budgets (total of a couple different departments) were less than $2.2 billion, last I checked.
Hedge-fund manager.
No way that's true. Maybe they mean a a transfer of one cash account to another but there is no way there was 2.2B in physical money. That would be 48,510 lbs of money even if it was on 100 dollar bills. (a million dollars in 100s in 22.05lbs).
you would need a lot of machinery to move that money.
I read somewhere there might be something brewing to move the team to South Carolina.
Now imagine what a legit team in a real sports market that owns it's stadium would be worth
"cash" simply means "not financed". it's akin to the down payment on a mortgage. tepper offered more cash down than the higher bid.
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Where? No place in SC similar to Charlotte. SC is all about Tigers and Gamecocks, not Panthers. Panthers did play their first year at Clemson - before their stadium was built. Cannot see a move to SC at all.I read somewhere there might be something brewing to move the team to South Carolina.