Sports
Carolina Panthers Owner Tepper Settles Dispute Over Training Facility
- County ending suit over funds, says Tepper acted in good faith
- Dispute centered on scrapped plans for facility in county
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Billionaire Carolina Panthers owner David Tepper and his real estate company settled a dispute with York County, South Carolina, over now-scrapped plans to build a training facility for the National Football League team.
The dispute concerned the transfer of $21.2 million from the county to GT Real Estate Holdings, the Tepper company that was building the facility, and affiliates like Appaloosa Management, Tepper Sports Holding and DT Sports Holding. The county had sued Tepper and his companies over the use of the funds, and local law enforcement officials began a criminal investigation earlier this month.