Carolina Panthers owner David Tepper and his real estate company are the center of a criminal investigation seeking to determine whether he misused public funds in an unsuccessful attempt to build practice facilities for the NFL team.
York County Police said state troopers and local prosecutors are assisting with their investigation, and that the investigation does not mean a crime has been committed.
York County Sheriff Kevin Tolson and attorney Kevin Brackett said in a joint statement Thursday night, “An investigation is just an investigation and neither party has determined who committed a crime.” was designated to oversee the construction project.
Tepper’s company denied wrongdoing and suggested the fact that the announcement made at this time may have been intended to block a deal with York County for more than $21 million in sales tax money the project received. is an equal amount. Improve roads surrounding the facility.
“This is an honest business matter which is being resolved thoroughly. The underlying disputes arise from contracts that were jointly negotiated by the parties and are publicly available. The funds paid out by the county were handled in accordance with the terms of those contracts,” Tepper’s GT Real Estate said in a statement.
Tepper, a hedge fund manager who is one of the NFL’s wealthiest owners, and the Panthers announced plans in 2019 for an $800 million practice facility, team offices, sports medicine complex, hotel and entertainment near Rock Hill.
Both local and South Carolina officials appreciated the investment, offered incentives, and said they were interested in getting the team involved in activities in North Carolina and outside Charlotte, where the Panthers are located about 25 miles (40 km) from their home base. play the game.
But after less than two years, Tepper’s company abruptly halted work on the facility and filed for bankruptcy before the steel superstructure was completed. Work continues on an interstate interchange promised by the state, and Tepper’s company is trying to sell land in the growing area.