Tepper's $2.3 Billion NFL Purchase Comes With a `Wacky' Tax Perk

Billionaire can use any paper losses to erase other tax bills
He can write off purchase of Carolina Panthers over 15 years

Hedge Fund Titan Tepper Scores $2.3 Billion Deal for Carolina Panthers

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By Ben Steverman

May 31, 2018 at 12:15 PM UTC

This article is for subscribers only.

As David Tepper can attest, buying a professional sports team is getting expensive. The hedge fund titan paid $2.3 billion to become the new owner of the Carolina Panthers, a record price for a National Football League franchise.

Ownership has its privileges, though. You get to hang out with the league’s best athletes. Everyone wants to be your friend when the season rolls around. And then there’s the tax perks.