David Tepper, the billionaire hedge fund founder, has agreed to buy the Carolina Panthers for an NFL-record of approximately $2.2 billion, according to people familiar with the sale. In December, Panthers owner Jerry Richardson announced he would sell the team he founded, shortly after allegations of workplace misconduct were reported by Sports Illustrated. An NFL investigation of Richardson’s conduct remains ongoing.

Source: Wall Street Journal May 15, 2018 16:50 UTC