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Carolina Panthers sold to hedge fund founder

Carolina Panthers sold to hedge fund founder

The Carolina Panthers just got a new billionaire owner. David Tepper, founder of the hedge fund Appaloosa Management, agreed to purchase the team for a reported $2.2 billion, according to the Charlotte Observer. It's the most ever paid for an NFL team, eclipsing the $1.4 billion paid for the Buffalo Bills in 2014. Tepper is a minority owner in the Pittsburgh Steelers. The deal will have to be approved by NFL owners, who meet next week in Atlanta. Tepper is worth $11 billion, according to Forbes' billionaires list. He's a noted philanthropist and an outspoken critic of President Donald Trump, who he called "the father of lies" in an interview with CNBC in 2016, referring to Trump's boasts about