The Carolina Panthers have finalized terms to sell the franchise to David Tepper for $2.275 billion.
The NFL's owners will approve his purchase of the Panthers from Jerry Richardson, according to a report.
Tepper's net worth has been projected at $11 billion by Forbes.
The New York Times reported that Tepper's bid wasn't the highest. Ben Navarro, who runs an investment firm, offered $2.6 billion.