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With news today of the Tennessee Titans nearing a deal to build a $2.2 billion domed stadium, there are now two examples of NFL franchises securing hefty subsidies from state government as well as local taxpayers to build new football palaces. That prompts a logical question about the Carolina Panthers’ ongoing deliberations on a large-scale renovation or replacement of Bank of America Stadium: Will David Tepper’s team seek similar state funding — and would lawmakers be open to the idea? “I do think Nashville is something we are going to see a lot of cities try,” J.C. Bradbury, a sports...

he Carolina Panthers' proposed $800 million practice facility project in Rock Hill, South Carolina, is officially dead after team owner David Tepper’s real estate company filed for Chapter 11 bankruptcy protection in Delaware on Wednesday night. Tepper, who made billions in hedge funds, is the NFL’s wealthiest owner. The filing will not affect the NFL’s Panthers or Major League Soccer’s Charlotte FC in any way. It’s unclear at this point what will happen to the half-built practice facility. Tepper has invested more than $175 million into the facility, which is located 25 miles south of the team’s current downtown stadium...

The Carolina Panthers have been silent about their unfinished headquarters development, and a York County councilman told Charlotte Business Journal that he thinks the team has permanently abandoned the project. Tepper Sports and Entertainment, the Panthers’ parent company, paused work on the 240-acre development nearly one month ago due to Rock Hill’s failure to distribute $225 million worth of bonds for infrastructure improvements. “This is going to be a stain on our name for other businesses,” councilman Bump Roddey said, acknowledging that the city didn’t keep its end of the bargain. Roddey believes the Panthers will seek to recover their...

Hedge-fund manager David Tepper says there is nothing wrong with “nibbling” at stocks that have experienced a brutal selloff in the past month, amid growing fears centered on the economic impact of the coronavirus pandemic. However, the star fund manager and billionaire says that U.S. lawmakers and the Trump administration need to act quickly to stabilize the economy and mitigate the damage from the deadly pathogen. “There’s nothing wrong with nibbling here,” the founder of Appaloosa Management said during a phone interview with CNBC on Monday, referring to stocks that have fallen at an unprecedented rate, as business activity across...

While NFL owners seemed paralyzed by fear last year over what Donald Trump might tweet about them next, the man buying the Carolina Panthers might enjoy that fight. Hedge fund manager David Tepper will buy the Panthers on Tuesday, according to reports, for $2.2 billion. While most new NFL owners aren’t all that notable, Tepper is because of his opposition to the president. Trump and the NFL waged a bit of a silly war last season, with Trump grandstanding on the national anthem issue and the owners strangely worried about avoiding any more of his criticism. In November of 2016,...

Our top-heavy economy has come to this: One man can move out of New Jersey and put the entire state budget at risk. Other states are facing similar situations as a greater share of income — and tax revenue — becomes concentrated in the hands of a few. Last month, during a routine review of New Jersey’s finances, one could sense the alarm. The state’s wealthiest resident had reportedly “shifted his personal and business domicile to another state,” Frank W. Haines III, New Jersey’s legislative budget and finance officer, told a State Senate committee. If the news were true, New...

New Jersey's wealthiest man may be making a common Northeast move: a relocation to the tax-friendly state of Florida, a report says. According to Bloomberg, David Tepper has shifted the base of his Appaloosa Management to the Sunshine State as of Jan. 1 after registering to vote and declaring citizenship in Miami at the end of 2015. Taxes were reportedly an important part of the 58-year-old's decision, but also, quality-of-life played big part in his choice to move, according to the article. Tepper has been a resident of the Garden State for more than two decades and has continually appeared...

Fund Boss Made $7 Billion in the Panic Gregory Zuckerman December 21, 2009 In this comeback year for investors, David Tepper may have scored one of the biggest paydays of all. Mr. Tepper's hedge-fund firm has racked up about $7 billion of profit so far this year—with Mr. Tepper on track to earn more than $2.5 billion for himself, according to people familiar with the matter. That is among the largest one-year takes in recent years. Behind the wins: a bet worth billions of dollars that America would avoid a repeat of the Great Depression. Through February and March, Mr....