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Tuesday, January 31, 2023

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Tepper Sports & Entertainment ranked 19th-most valuable sports empire


Carolina Panthers owner David Tepper may not have his own head coach yet, but he does have his own business.

On Tuesday, Forbes.com—courtesy of staffers Mike Ozanian and Justin Teitelbaum—released its list of the world’s 25 most valuable “sports empires” for 2023. The combined value of these empires is $173 billion, compromising multiple sports. and media organizations – which can include teams (of course), broadcast platforms, sponsorships, mixed-use real estate, and sports-based technology.

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Taper and Sports Entertainment is at number 19. With the power of the Panthers and Charlotte FC, Tepper’s empire is estimated at $4.55 billion.

Tepper, whose net worth was estimated at $16.7 billion on the Forbes World’s Billionaires list in 2022, bought the Panthers in 2018 for a then-NFL record $2.275 billion. As of August, they were valued at $3.6 billion.

The former hedge fund veteran then founded Charlotte FC in December of 2019. Their footy team sits on $570 million as of September – almost double what they made from their inaugural season.

Now, we’ll soon find out who wants to take some of those tapper bucks to lead their prized investments.

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