first_imgVolcano watch: Island fissures steaming, lake water receding Dave Chappelle donates P1 million to Taal relief operations Ben Navarro, the founder and CEO of Sherman Financial Group, was considered Tepper’s biggest competitor in the bid to purchase the Panthers. He conceded Tuesday that he’d lost the bid.“My family and I are grateful to have had the opportunity to be included as a potential buyer of one of the premier assets in all of the Carolinas — the Panthers football team,” Navarro said in an email to The Associated Press. “It would have been a privilege to become the stewards of this iconic franchise to ensure its home remains in the Carolinas where it belongs, to establish a new era of leadership and excellence on and off the field, and to leverage the team’s NFL platform to further our quest to help all children gain access to a great education.”Tepper’s plans on whether the team will remain in Charlotte for the long-term future remain unclear.The Panthers are tied to their downtown stadium through the 2018 season because of an agreement with the city. After that a new owner is free to extend the lease to the stadium, build a new stadium or possibly move the team.Moving the Panthers out of Charlotte would seem to a longshot.ADVERTISEMENT NFL Commissioner Roger Goodell said he would prefer to keep the team in Charlotte where it has been successful. The Panthers have been one of the NFL’s best supported teams with only two non-sellout games since the team began playing its home games in Charlotte in 1996.Born and raised in Pittsburgh, Tepper, 60, is a part owner of the Steelers and founder and president of Appaloosa Management, a global hedge fund based in Miami.Because he holds a 5 percent stake in the Steelers, Tepper’s finances already have been vetted by the league, meaning it wouldn’t take much for NFL owners to approve the sale. However, Tepper would have to sell his minority ownership stake of the Steelers, per league rules.Forbes listed Tepper’s net worth at $11.4 billion in February 2017.Tepper is known for his philanthropy.He donated $55 million to Carnegie Mellon University’s business school in 2013. Tepper graduated from the University of Pittsburgh and Carnegie Mellon, where the Tepper School of Business is named after him.Richardson was the first and only majority of the Panthers. He became only the first former player since George Halas to become an NFL owner when he was awarded an expansion franchise in 1993. Richardson promised fans at the time the Panthers would win a Super Bowl “within 10 years.” Carolina has reached the Super Bowl twice, including in 2015, but has never won.Sports Related Videospowered by AdSparcRead Next Jury of 7 men, 5 women selected for Weinstein rape trial The purchase is subject to a vote at the NFL owners meeting next week in Atlanta.Richardson announced in December he was selling the team amid an NFL investigation into sexual and racial misconduct in the workplace. That decision came after a report by Sports Illustrated detailing Richardson’s alleged misconduct.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownThe league’s investigation into the allegations is still ongoing.The price tag is the most ever paid for an NFL franchise, eclipsing the $1.4 billion the Pegula family paid to purchase the Buffalo Bills in 2014. Winfrey details her decision to withdraw from Simmons film FILE – Int his May 10, 2016, file photo, billionaire hedge fund manager David Tepper mingles during a grand opening of rock star and philanthropist Jon Bon Jovi’s Jon Bon Jovi Soul Foundation Soul Kitchen and B.E.A.T. Center, which stands for Bringing Everyone All Together, in Toms River, N.J. People familiar with the situation say Tepper has agreed to buy the Carolina Panthers from team founder Jerry Richardson for a record $2.2 billion. The people spoke to The Associated Press on Tuesday, May 15, 2018, on condition of anonymity because the team has not yet announced the sale. The purchase is subject to a vote at the NFL owners meeting next week in Atlanta. (AP Photo/Mel Evans, File)CHARLOTTE, N.C. — The Carolina Panthers are being sold for an NFL-record $2.2 billion.Hedge fund manager David Tepper has agreed to buy the Panthers from team founder Jerry Richardson, two people familiar with the situation said Tuesday. The people spoke to The Associated Press on condition of anonymity because the team has not yet announced the sale.ADVERTISEMENT LATEST STORIES Celtics overcome James’ 40-point triple-double, take 2-0 lead Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award View comments China population now over 1.4 billion as birthrate falls MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Don’t miss out on the latest news and information. 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first_imgThe Junior girls were in Dawson over the weekend where they started strong on Friday night, winning against Dr. Kearney to earn a matchup against Dawson Creek grade 9s on Saturday. Getting the W against the Gr. 9 team, the Grizzlies found themselves in a rematch with the Dawson 10s in the final. After a strong start, the girls hit a slump in the 2nd quarter and Dawson went up by 20. The Grizzlies came back in the second half to pull within 8, but they didn’t have enough left in the tank to pull ahead and finished the tournament in 2nd place. Isabella Ziebart earned Tournament MVP.  The Senior boys played Kelly road in the first game on Friday night, where they won solidly for the second time this season. Jesse Baker won player of the game, providing energy and clutch defence to seal the victory. The boys took a tough loss to a very good DP Todd team on Saturday morning. Jacob Zeibart’s solid shooting and gutsy defence garnered him player of the game. The bronze medal game was the best game of the season for the boys, with a big win over PGSS. This was a revenge game, after losing to them in the championship game of the Dawson Creek tournament in December. It was an all-out team effort, but Ethyn Lang left it all on the floor, earning player of the game, while strong performances from Liam Peterson and Adrian Loewen bolstered the victory.  Up Next: Senior Girls are in Prince George this weekend at PGSS and Senior Boys are in Quesnel at Correlieu Secondary. Both Junior teams have the weekend off. – Advertisement -The Junior boys were in action once again this past weekend in Dawson Creek for their last warm-up tournament before Regionals. The Grizzlies got in three solid games over the weekend starting Friday night when they matched up against Tumbler Ridge Secondary School. The Grizzlies came out flat to start the game, which saw a tightly contested first half, and a Grizzlies three-point lead at half. In the second half the Grizzlies took control of the game playing strong defence and pushing the pace of the game to a quicker level. When the final buzzer sounded the Grizzlies took a convincing win with every member of the team getting on the score sheet in the game for the first time this season. The Grizzlies were in tough in the finals missing three players and needing big minutes from players off the bench. For the first time of the weekend, the boys started the game ready to play and came out fast to take an early lead. Dawson fought back with shot making and a quick transition game to take a lead at half time. The Grizzlies made a few adjustments and got big minutes from some of the bench in the second half and made a strong run at the Dawson team, but when the final buzzer sounded the boys took second place with an eight-point loss to the DCSS Junior Team. NPSS Grizzlies Junior Girls Basketball team. Source NPSS Athleticscenter_img Female Athlete of the Week: Claire Turner (Gr. 12, Sr Girls Basketball) Male Athlete of the Week: Ethyn Lang (Gr. 11, Sr Boys Basketball) FORT ST. JOHN, B.C. – The Senior girls played Caledonia in the first game on Friday night, winning 76-26, led by Celine Quigley with 28 points. In the semifinal game against previously unbeaten PGSS, Claire Turner led the scoring with 11 points and 9 rebounds. The girls relied on tight team defence to beat PGSS with a final score of 60-42. In the Championship game, the team battled and never gave up until the last second of the game but ended up losing to Nechako Valley with a final score of 46-60. The Grizzlies had notable performances from Jordynn McPherson, Alexis Ziebart and Celine Quigley. NPSS Grizzlies Senior Girls Basketball team. Source NPSS Athleticslast_img read more