Commissioner Roger Goodell revealed that both the finance committee and the league’s owners were unanimous in their support of Tepper taking over the franchise founded by Jerry Richardson, who was in attendance for the session at the Whitely Hotel and received an ovation from league executives before exiting.
“I’m thrilled about this,” said Tepper, the founder and president of global hedge fund Appaloosa Management, L.P. and a well-known philanthropist.
Tepper, a Pittsburgh native, had been a minority owner of the Steelers since 2009.
“I’ve been with the Steelers for nine years, so I’ve been hanging around this league for a little bit of time,” Tepper said.