David Tepper is now officially the owner of the Carolina Panthers after the sale of the team closed Monday, the team announced.
It was reported back in May that Tepper was purchasing the team for $2.2 billion in cash and $75 million deferred and the other NFL owners approved the sale on May 22. Tepper was buying the team from founder Jerry Richardson, who put the Panthers up for sale after alleged confidential payouts for workplace misconduct, including sexual harassment and use of a racial slur sparked an investigation into the team's workplace by the league.