When NFL fans ask, “Who owns the Carolina Panthers?” they’re tapping into a larger conversation about franchise power, family legacy, and sports economics. The Carolina Panthers, based in Charlotte, North Carolina, are more than just a football team—they’re a regional identity shared by fans from both North and South Carolina. But behind the roaring crowds and game-day excitement lies a powerful ownership story worth exploring.
The question of who owns the Carolina Panthers leads us back to 2018, when billionaire hedge fund manager David Tepper bought the franchise after it was put up for sale following scandal and public pressure on previous owner Jerry Richardson. Tepper, already known in NFL circles as a minority owner of the Pittsburgh Steelers, paid a then-record $2.275 billion for the team—marking a significant shift in Panthers leadership and direction.
This article takes a deep dive into who owns the Carolina Panthers, breaking down not only David Tepper’s background, business ventures, and ambitions but also how ownership affects fans, players, stadium upgrades, and community ties. From financial influence to strategic decisions, you’ll discover how ownership plays a critical role in the Panthers’ present and future.
Let’s get into the full story and answer the big question once and for all: Who owns the Carolina Panthers—and why it matters more than you might think.
Who Owns the Carolina Panthers?
David Tepper, a billionaire hedge fund manager and former minority owner of the Pittsburgh Steelers, currently owns the Carolina Panthers. He purchased the team in 2018 for $2.275 billion following the resignation of founding owner Jerry Richardson. Tepper is also the owner of Charlotte FC, the city’s Major League Soccer team.
The David Tepper Era — How One Man Came to Own the Carolina Panthers
David Tepper’s path to owning the Carolina Panthers started well before his 2018 acquisition. As a former minority owner of the Pittsburgh Steelers, Tepper was already familiar with the NFL landscape and the business dynamics of professional football. When founding owner Jerry Richardson was forced to sell the team amid allegations of workplace misconduct, Tepper quickly became the leading candidate in a fiercely competitive bidding process.
In a landmark deal, Tepper purchased the Panthers for $2.275 billion, the highest price ever paid for an NFL franchise at the time. His arrival marked a dramatic shift for the organization. While Richardson had operated the team with a more traditional, conservative approach, Tepper brought a Wall Street mindset—focused on analytics, aggressive strategy, and long-term growth.
Since taking over, Tepper’s ownership has been defined by bold decisions and mixed results. From major staffing overhauls to investments in new facilities, his tenure has seen the Panthers undergo constant evolution. He also owns Charlotte FC, the MLS team, reinforcing his commitment to regional sports development.
How Much Did David Tepper Pay for the Carolina Panthers?
A Record-Breaking Deal in NFL History
In 2018, David Tepper made headlines when he purchased the Carolina Panthers for a staggering $2.275 billion. At the time, this was the highest price ever paid for an NFL team, setting a new benchmark for franchise valuations. The deal sent shockwaves through the sports world and reinforced just how valuable NFL franchises had become.
How Tepper’s Bid Compared to Other Owners
Tepper’s purchase significantly outpaced previous franchise sales. The Buffalo Bills, for example, sold in 2014 for $1.4 billion—nearly a billion dollars less than what Tepper paid. Even major NBA franchises like the Houston Rockets and Brooklyn Nets were acquired for lower amounts. With an estimated personal fortune of over $16 billion, Tepper instantly became the wealthiest owner in the NFL, giving the Panthers a unique advantage in long-term financial flexibility.
Why the Carolina Panthers Were Worth It
Several key elements drove up the Panthers’ valuation. The team commands a passionate fan base across North and South Carolina, which provides a strong regional identity. Charlotte’s rapid growth and economic expansion and the NFL’s multi-billion-dollar media deals also contributed to the franchise’s appeal.
Investment vs. Outcome—Is It Paying Off?
Though the team has yet to experience consistent on-field success under Tepper’s ownership, the rising value of NFL franchises suggests the investment is steadily gaining ground. Tepper’s business acumen and long-term vision could make this purchase even more profitable in the years ahead.
Beyond the Purchase—Financial Commitments
Tepper didn’t stop at buying the team. He committed to major upgrades at Bank of America Stadium and initially spearheaded a large-scale practice facility project in Rock Hill, South Carolina. Though that project fell through due to disputes, it demonstrated Tepper’s intent to invest heavily in the franchise’s growth and infrastructure.
Why Ownership Matters in the NFL (And the Panthers’ Future)
Understanding who owns the Carolina Panthers is about more than just identifying the individual at the top. Ownership plays a powerful role in shaping a team’s culture, strategic direction, and long-term success. David Tepper’s leadership has already had a visible impact on various aspects of the franchise.
- Team Culture and Leadership: Under Tepper’s ownership, the Panthers have transformed their organizational culture. Emphasizing data analytics, modern business practices, and high-level executive recruitment, Tepper has brought a more aggressive and corporate style to team leadership.
- Coaching and Player Decisions
Ownership influences all major football operations. From the hiring of head coach Matt Rhule and his eventual dismissal to bold roster moves and quarterback shifts, Tepper’s priorities drive the decision-making process.
- Fan Experience Enhancements: Fans have felt the effects of new ownership through upgraded experiences at Bank of America Stadium. Improvements include faster Wi-Fi, expanded concession offerings, and interactive fan zones—each reflecting Tepper’s focus on improving the in-stadium atmosphere.
- Community Involvement and Outreach: Tepper has made notable philanthropic investments across the Carolinas. However, initiatives like the failed Rock Hill practice facility have attracted criticism, highlighting the complex relationship between ownership and local partnerships.
- Stadium Development and Franchise Expansion: Tepper continues to explore long-term stadium enhancements and expansion opportunities. These efforts not only aim to increase franchise value but also ensure the Panthers remain competitive in fan engagement and business growth across the NFL landscape.
When Did Ownership of the Carolina Panthers Change? A Look at Jerry Richardson’s Legacy
Jerry Richardson was the founder and long-time owner of the Carolina Panthers. A former NFL player turned businessman, Richardson was granted the expansion franchise in 1993, making the Panthers the 29th team in the league. Under his leadership, the Panthers made two Super Bowl appearances and became a beloved staple in the Carolinas.
However, in 2017, allegations of workplace misconduct and racial insensitivity surfaced. This prompted Richardson to announce his intent to sell the team. The NFL investigated, and the findings led to a $2.75 million fine and the eventual sale of the franchise to David Tepper in 2018.
Richardson’s legacy is complex. On one hand, he brought professional football to the region and cultivated a passionate fan base. On the other, his exit marked a reckoning with changing workplace standards and increased public scrutiny. Still, his contributions to NFL history are undeniable. The ownership transition was swift, ensuring the franchise remained stable during a potentially tumultuous period.
Understanding the full answer to who owns the Carolina Panthers also involves acknowledging how Richardson’s departure paved the way for Tepper’s ambitious tenure.
Who Owns the Carolina Panthers — Ownership Structure and Family Involvement
Understanding who owns the Carolina Panthers involves more than simply naming David Tepper. While he is the majority owner, the structure behind the franchise includes layers of business entities and family involvement that influence daily operations and long-term strategy. Here’s a closer look at the ownership breakdown:
- David Tepper as Majority Owner: David Tepper remains the principal owner of the Carolina Panthers, having purchased the team in 2018. His ownership is managed through Tepper Sports & Entertainment (TSE), which also oversees the MLS team Charlotte FC. As a seasoned hedge fund manager, Tepper brings a financial and analytical approach to running the franchise.
- The Role of Nicole Tepper: Tepper’s wife, Nicole Tepper, plays an active role within the organization. She serves as the Chief Administrative Officer of TSE and is heavily involved in community outreach, charitable efforts, and organizational planning. Her presence reinforces the family’s hands-on leadership style.
- Minority Stakeholders: While Tepper owns the controlling share, there are indications that several minority stakeholders hold non-voting or limited-interest shares in the franchise. These investors generally don’t influence daily operations but contribute to the franchise’s financial stability.
- Business and Operational Model: The Panthers are managed like a modern corporation. Tepper applies data-driven strategies across departments, utilizing performance metrics to inform decisions in both sports and business.
- Impact on Broader Ventures: Through TSE, ownership extends beyond football. The Panthers’ business model incorporates concerts, entertainment events, and soccer operations, positioning the organization as a growing sports and media powerhouse in the Southeast.
In Closing
To answer the question “who owns the Carolina Panthers”, one must explore not only names and titles but the deeper implications of ownership on team performance, culture, and legacy. David Tepper is more than a billionaire with a football team—he’s an ambitious figure attempting to redefine sports leadership in the Carolinas. From stadium investments and player decisions to community projects and branding, his influence is everywhere.
Ownership determines how a franchise evolves—and in the case of the Panthers, Tepper’s reign is shaping both the present and future of the team. Whether he leads them to Super Bowl glory or faces further scrutiny, one thing is certain: who owns the Carolina Panthers will continue to matter.
FAQ’s
Q. Who currently owns the Carolina Panthers?
A. David Tepper, a billionaire hedge fund manager, became the owner of the Carolina Panthers in 2018 after buying the team from founding owner Jerry Richardson.
Q. How much did Tepper pay for the Panthers?
A. Tepper paid a record-breaking $2.275 billion for the team, making it the most expensive sale of an NFL franchise at the time of purchase.
Q. Is David Tepper the richest NFL owner?
A. Yes, as of 2025, David Tepper is considered the wealthiest NFL team owner, with an estimated personal net worth exceeding $16 billion.
Q. Does Tepper own any other sports teams?
A. In addition to the Panthers, Tepper also owns Charlotte FC, the city’s Major League Soccer team, under the Tepper Sports & Entertainment banner.
Q. Was Jerry Richardson forced to sell the team?
A. Although not legally forced, Richardson stepped down and sold the franchise after misconduct allegations, followed by an NFL investigation and fine.
