Deals
Carolina Panthers Owner David Tepper Nears Deal to Add MLS Team
- He’s said to be paying about $300 million for expansion squad
- Tepper previously paid $2.3 billion for the Carolina Panthers
David Tepper before a game in Charlotte, North Carolina, on Dec. 1, 2019.
Photographer: Jacob Kupferman/Getty Images
Billionaire David Tepper, owner of the NFL’s Carolina Panthers, is one step closer to adding another sports team to his portfolio.
Major League Soccer’s board of governors agreed Thursday to move forward on the final steps toward granting the league’s latest expansion team to Charlotte, North Carolina, a bid led by Tepper. The hedge fund titan has agreed to pay a roughly $300 million expansion fee, according to a person familiar with the deal.