In 1993, Jerry Richardson launched the Carolina Panthers with a $140 million NFL expansion fee; in 2018, he sold the franchise to David Tepper for $2.275 billion

Jerry Richardson helped bring professional football to the Carolinas when the NFL awarded him an expansion franchise in 1993. The investment created the foundation for the Carolina Panthers, a team that would eventually become a multibillion-dollar asset before changing ownership 25 years later.

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