The Carolina Panthers officially have a new owner.
Billionaire hedge fund manager David Tepper, who reached an agreement last week to buy the Panthers from majority owner Jerry Richardson, was approved as the team’s new owner at the Spring League Meeting on Tuesday, the team announced.
The 32-0 vote gave the Panthers the second owner in team history. It also marked the end of Jerry Richardson’s 25-year tenure as owner and a turbulent five-month period for the franchise.
Speaking to the media immediately following the vote and after a brief introduction by NFL Commissioner Roger Goodell, Tepper praised Charlotte and removed any doubt that the team would stay.
“I’ve been around this league for a little bit of time. This opportunity came up. I think it’s a fantastic place with a great football tradition. I think it’s a great football area, good people,” Tepper said.
“What’s the name of the team? Carolina Panthers,” Tepper continued. “It’s gonna stay the Carolina Panthers. Charlotte is the logical place for a stadium.”
He said that it’s too soon to talk about building a new stadium, however.
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