Diddy Side-stepped as Billionaire Investor David Tepper to Purchase the Carolina Panthers for $2.2 Billion
The Carolina Panthers are being sold for an NFL-record $2.2 billion.
Hedge fund manager David Tepper has agreed to buy the Panthers from team founder Jerry Richardson, two people familiar with the situation said Tuesday. The people spoke to the Associated Press on condition of anonymity because the team has not yet announced the sale.
The purchase is subject to a vote at the NFL owners meeting next week in Atlanta.
Richardson announced in December he was selling the team amid an NFL investigation into sexual and racial misconduct in the workplace. That decision came after a report by Sports Illustrateddetailing Richardson's alleged misconduct.
The league's investigation into the allegations is still ongoing.
The price tag is the most ever paid for an NFL franchise, eclipsing the $1.4 billion the Pegula family paid to purchase the Buffalo Bills in 2014.
BACK IN 2017:
Diddy is hoping to remedy the league's lack of minority owners by inserting his name into the race for ownership. "I will be the best NFL owner that you can imagine," he said on his Instagram video.
The hip-hop mogul also vowed to bring in Colin Kaepernick in hopes of reviving his career, following the controversy surrounding the former San Francisco 49ers quarterback's decision to kneel for the National Anthem and his subsequent limbo as a seemingly blackballed free agent: "I will immediately address the Colin Kaepernick situation and put him in the running for next year's starting quarterback. It's just competition baby, it's just competition. But also, I will have the best halftime show, the best selection of music and we will win Super Bowl after Super Bowl,"