Billionaire Tepper Faces Probe for Scrapped NFL Facility (1)

Billionaire David Tepper and his real estate company are facing a criminal investigation into the now-scrapped plans to build a training facility for his Carolina Panthers football team.

Tepper, who bought the NFL franchise for $2.3 billion in 2018, had proposed constructing an $800 million facility in South Carolina’s York County, near the team’s stadium in Charlotte, North Carolina. But the plans were ditched after disputes between local officials and Tepper over the project.

David Tepper

Photographer: Peter Foley/Bloomberg *** Local Caption *** David Tepper

The South Carolina Law Enforcement Division and the York County Sheriff’s Office opened an investigation into the use of public funds for the project earlier ...