NFL has no problem with new owner's casino investments – New York Post

Newly minted Carolina Panthers owner David Tepper’s casino investments pose no problem for the NFL.

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Tepper’s $17 billion Appaloosa Management increased its stakes in gambling stocks such as Caesars Entertainment and MGM Resorts International during the first quarter, according to regulatory filings. It also added a new position in Boyd Gaming.

Although NFL league policy has barred team owners from running casinos, owners can hold investments in casinos so long as they are not involved in the casino’s operations.

“This was vetted to the satisfaction of ownership and was not an issue in 2009 when Mr. Tepper became a minority owner of the Steelers,” an NFL spokesperson told The Post.

The Carolina Panthers announced Wednesday that the team signed an agreement to sell the team to the hedgie.

“I am thrilled to have been selected to be the next owner of the Carolina Panthers,” Tepper said Wednesday in a statement announcing his agreement to buy the franchise.

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