The NFL owners are set to meet in Atlanta on May 22-23. The sale to David Tepper will be voted on -- and likely approved -- at those meetings.
Tepper is the founder of Appaloosa Management, one of the world's most preeminent hedge funds, and is worth an estimated $11 billion in personal wealth.
Tepper, 60 years old, has been a minority owner of the Pittsburgh Steelers for several years now, owning five percent of the franchise. As such, he has already been vetted by the league in terms of qualifying as an owner.
That greatly simplifies the process, although Tepper will have to divest himself of his Steelers ownership, much the same way that Jimmy Haslam did when he purchased the Browns.
Panthers sale proceeding to David Tepper as reported last week. There is nothing shocking about sale price. People in know always told me $2B-2.2B was range. Were never getting $2.5B— Jason La Canfora (@JasonLaCanfora) May 15, 2018