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David Tepper tied for 7th richest sports team owner in the world.

rebelrouser
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rebelrouser Mentor

rebelrouser

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The Panthers have yet to reach the postseason under Tepper, the 67-year-old founder of Appaloosa Management, who bought the franchise for $2.275 billion in 2018. It’s not just fans complaining about his ownership, either: In the NFL Players Association’s most recent survey of its members, Tepper received a D-, the second-worst grade among the league’s 32 owners.

Forbes. LOL.  

 

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countryboi Veteran

countryboi

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Owning a sports team is now a billionaire’s toy now. The days of Michael Jordan or a Jeanie Buss owning teams are long gone.
 

I remember when people thought Diddy could afford to buy the Panthers, he would have had to sell everything he owned just to cover the $750 million needed to own only 30% of the team.

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TD alt Mentor

TD alt

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3 hours ago, countryboi said:

Owning a sports team is now a billionaire’s toy now. The days of Michael Jordan or a Jeanie Buss owning teams are long gone.
 

I remember when people thought Diddy could afford to buy the Panthers, he would have had to sell everything he owned just to cover the $750 million needed to own only 30% of the team.

I don't think anyone that was realistic thought that he could afford the team. Just imagine if he had swung it, the Panthers would be looking for a new owner right now.

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countryboi Veteran

countryboi

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42 minutes ago, TD alt said:

I don't think anyone that was realistic thought that he could afford the team. Just imagine if he had swung it, the Panthers would be looking for a new owner right now.

what a wild time that would have been, we complain about Tepper but that would have been crazy

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kungfoodude Grand Master

kungfoodude

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On 4/1/2025 at 8:23 AM, countryboi said:

Owning a sports team is now a billionaire’s toy now. The days of Michael Jordan or a Jeanie Buss owning teams are long gone.
 

I remember when people thought Diddy could afford to buy the Panthers, he would have had to sell everything he owned just to cover the $750 million needed to own only 30% of the team.

You weren't aware of his strategic reserves of baby oil? Those could be worth a considerable amount.

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Khyber53 Grand Master

Khyber53

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On 4/1/2025 at 9:23 AM, countryboi said:

 

I remember when people thought Diddy could afford to buy the Panthers, he would have had to sell everything he owned just to cover the $750 million needed to own only 30% of the team.

Heck, that was just his baby oil and rufees budget.

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rodeo Veteran

rodeo

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Reminder that Tepper made a lot of his fortune by buying debt from companies and then asking the government for a bailout on the debt he now owns. In a world of scummy billionaires, he somehow manages to be even scummier.

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scpanther22 Experienced

scpanther22

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3 hours ago, rodeo said:

Reminder that Tepper made a lot of his fortune by buying debt from companies and then asking the government for a bailout on the debt he now owns. In a world of scummy billionaires, he somehow manages to be even scummier.

Really wish their was more awareness around how very rich people make money...its almost never "hard work and fortitude" its taking advantage of people and institutions 

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countryboi Veteran

countryboi

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41 minutes ago, scpanther22 said:

Really wish their was more awareness around how very rich people make money...its almost never "hard work and fortitude" its taking advantage of people and institutions 

its almost impossible to be a billionaire without leaving a trail of bodies in your wake. capitalism demands a few winners and a ton of losers

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TheSpecialJuan Grand Master

TheSpecialJuan

Posted
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On 4/1/2025 at 6:23 AM, countryboi said:

Owning a sports team is now a billionaire’s toy now. The days of Michael Jordan or a Jeanie Buss owning teams are long gone.
 

I remember when people thought Diddy could afford to buy the Panthers, he would have had to sell everything he owned just to cover the $750 million needed to own only 30% of the team.

Yeah I remember he called them the North Carolina Panthers 

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Basbear Grand Master

Basbear

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On 4/1/2025 at 9:23 AM, countryboi said:

Owning a sports team is now a billionaire’s toy now. The days of Michael Jordan or a Jeanie Buss owning teams are long gone.
 

I remember when people thought Diddy could afford to buy the Panthers, he would have had to sell everything he owned just to cover the $750 million needed to own only 30% of the team.

 

Jordan would have been worth over 2 billion if not for his gambling. 

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countryboi Veteran

countryboi

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3 minutes ago, Basbear said:

 

Jordan would have been worth over 2 billion if not for his gambling. 

Im pretty sure he is a billionaire now but he wasn't when he first bought the bobcats/hornets and mostly bought their debt and some skittles

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