Thursday, February 2, 2023

South Carolina launches investigation into Panthers owner

COLUMBIA, SC ( Associated Press) – Carolina Panthers owner David Tepper and his real estate company are the subject of a criminal investigation to determine whether he misused public resources on his property. Failed attempt to build an NFL club training facility in South Carolina.

The York County Sheriff’s Office said state troopers and local prosecutors are cooperating with their investigation of no crime.

“An investigation is just an investigation and should not conclude any wrongdoing by either party,” York County Sheriff Kevin Tolson and Prosecutor Kevin Brackett said in a statement Thursday night. construction project.

Tepper’s company denied that it had committed any criminal violations and indicated that the timing of the announcement may have been intended to break an agreement the team reached with York County to refund more than $21 million, Which was equal to or less than the amount received from the sale. Tax the project received to improve roads around the facility.

“It is a simple business matter which is being resolved thoroughly. The underlying disputes arise from contracts negotiated jointly by the parties and are publicly available. County-contributed resources were managed in accordance with the terms of the contracts,” Tepper-owned GT Real Estate said in a statement.

Tepper, a hedge fund manager and one of the richest owners in the NFL, and the Panthers undertook an $800 million project in 2019 to build a training facility, offices, a sports medicine complex, hotel and sports entertainment arena near Rock Hill declare.

South Carolina state and local officials welcomed the investment and offered incentives, considering the possibility of moving a portion of the NFL team to North Carolina and away from Charlotte, where the team would play its games approximately 25 miles (40 km) away. Is.

However, less than two years later, Tepper’s company abruptly halted work on the facility before the steel superstructure was completed and filed for bankruptcy.

Nation World News Desk
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