2018-05-16 / State/National Sports

Sale agreement reached

CHARLOTTE, N.C. (AP) — The Carolina Panthers say they’ve signed a “definitive agreement” to sell the team to David Tepper, the founder and president of global hedge fund Appaloosa Management.

The deal is subject to NFL approval. The Panthers said in a release the transaction is expected to close in July.

Tepper, who has been a minority owner of the Pittsburgh Steelers since 2009, said in a release Wednesday that he’s thrilled to have been selected to be the next owner of the Panthers.

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