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Carolina Panthers

  • The second day of the joint practices between the New York Jets and Carolina Panthers at Wofford College has been cancelled due to lightning and rain. The joint practice will not be rescheduled.
  • A federal judge has approved a bankruptcy settlement of about $100 million over Carolina Panthers owner David Tepper's failed plan to build a practice facility for his NFL team in South Carolina. The deal approved Friday will turn the land and the incomplete steel shell of what was supposed to have been the team's new headquarters over to the city of Rock Hill. It's estimated to be worth $20 million. Tepper's real estate company will pay York County $21 million, and $60 million will be split among the contractors who worked on the project before it was abandoned this year. All sides agreed to drop their lawsuits.
  • The South Carolina county where Carolina Panthers owner David Tepper started building and then abandoned a new $800 million practice facility has reached a settlement over $21 million in sales tax money given to the NFL team. A statement Wednesday night from York County says the Panthers owner will pay back the money. The county says its dispute with Tepper and his company handling the failed project was totally resolved. The settlement came a week after the York County Sheriff's Office and local prosecutor announced that Tepper and GT Real Estate were under criminal investigation if the public money was misused, emphasizing the probe didn't mean any wrongdoing happened. The law enforcement officials had no additional comment after York County announced its settlement.
  • Carolina Panthers owner David Tepper and his real estate company are being scrutinized in a criminal investigation. The probe is examining whether they misused any public money in their failed effort to build a new practice facility for the NFL team. The York County Sheriff's Office says state agents and local prosecutors are involved in the probe, which does not mean any crime occured. Tepper's company GT Real Estate is denying any criminal wrongdoing. I
  • Carolina Panthers owner David Tepper's real estate company wants to revoke a bankruptcy settlement it negotiated with the city and county where its abandoned practice facility was supposed to be built in South Carolina. GT Real Estate Holdings says Rock Hill and York County are making exorbitant and unreasonable demands. Tepper's company offered $21 million to York County. It suggested giving the proceeds from selling part of its site in Rock Hill so the city would get at least $20 million. York County says it is entitled to more than $80 million. Rock Hill wants the bankruptcy case be heard in South Carolina instead of Delaware, where GT Real Estate Holdings is incorporated.
  • The tangled legal fight between the Carolina Panthers and York County could be headed for a civil jury in Delaware, if a bankruptcy court there will hear it.
  • Carolina Panthers owner David Tepper's real estate company has proposed to pay more than than $82 million to creditors over an abandoned $800 million practice facility project in Rock Hill, South Carolina. Tepper's company GT Real Estate Holdings filled for Chapter 11 bankruptcy in Delaware on June 2. Under this plan, GTRE would resolve claims by paying $60.5 million in cash funded into a settlement trust for contractors and others, $21.1 million to York County and $20 million or more to the City of Rock Hill. DT Sports Holding, LLC, a Tepper entity, previously funded $20 million in debtor-in-possession financing. Tepper, one of the NFL's richest owners, had invested more than $175 million in the half-built facility. The plan requires approval from courts and creditors.
  • The county says it wants $21 million back from Tepper's 'failed vanity project'
  • The real estate entity behind the doomed $800 million project filed for Chapter 11 in Delaware Wednesday.
  • U.S. Rep. Ralph Norman (R, 5th) was a commercial developer before he got into politics. He offers a perspective that 'all is not lost,' even if the Carolina Panthers bail on Rock Hill.