The Carolina Panthers are about to be sold for a whole lot of money. Per ESPN’s Adam Schefter and Seth Wickersham, they’re going for $2.2 billion. But that’s not all. It’s Pittsburgh Steelers minority owner David Tepper that’s purchasing them.
“Steelers’ minority owner David Tepper is expected to sign the deal today to buy the Panthers and keep them in Carolina, league sources tell Seth Wickersham and me. The deal then would be expected to be approved at the owners meetings in Atlanta on May 22.”
The best part about this news, of course, is that the team is staying in Carolina. But wait, there’s more:
“Panthers owner-to-be David Tepper wants Carolina’s football side of the business to mirror the Steelers. Tepper wants continuity, stability, progressive thinking on player contract extensions, and not setting the market on free agents. He wants the Steeler way in Carolina.”
This makes plenty of sense, of course. After all, the Steelers are a very successful franchise. Who wouldn’t want to mirror them? In the meantime, this announcement falls shy of the bidding from March ($2.5 billion), but it’s still quite the price. This is the highest price for an NFL team, topping the Bills ($1.4 billion) in 2014. And it matches that of the Houston Rockets, who would be sold for $2.2 billion last year.
So, where do the Panthers go from here? Hopefully up, for their sake. At the very least, though, the Panthers are staying in Carolina. And that’s a good thing.