David Tepper finalizes Panthers purchase

Receiver D.J. Moore makes a reception during Day 1 of the Carolina Panthers’ rookie mini camp on Friday

According to NFL Network's Ian Rapoport, the sale of the Carolina Panthers to Florida hedge fund manager David Tepper "is moving along as all sides have hoped". Tepper founded Appaloosa Management, a hedge fund company based in Miami Beach, Florida, and is worth an estimated $11 billion. If the finance committee accepts the proposal, it is expected that the owners will vote to approve as well.

Tepper is also a part-owner of his hometown team, the Pittsburgh Steelers, so he has already been vetted by the National Football League, according to the Observer.

Tepper has always been the favorite to buy the Panthers.

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According to ESPN's David Newton, Tepper was in Charlotte last Wednesday to meet with team officials.

Current Panthers owner Jerry Richardson put the team up for sale in December amid an National Football League investigation into allegations of sexual and racial workplace misconduct. There has been a lot o talk about the Panthers getting a new stadium, and if he would move the team if he didn't get one. One of the reasons that Richardson narrowed in on Tepper was because of his interest in keeping the team in Charlotte.

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