• Loading stock data...
Sunday, July 6, 2025
Law

Carolina Panthers Submit $82M Repayment Plan for Failed HQ Project

  • A company owned by the Carolina Panthers’ owner David Tepper submitted a plan to repay creditors $82 million for an abandoned project.
  • The team had planned an $800 million headquarters and practice facility.
Carolina-Panthers
Carolina Panthers

NFL practice facilities are expensive to build — but for the Carolina Panthers, not building one is proving quite costly as well.

GT Real Estate, a company owned by Panthers owner David Tepper, submitted a plan in the U.S. Bankruptcy Court in Delaware to repay creditors and resolve all claims related to the team’s abandoned development in Rock Hill, South Carolina. 

  • The plan would have GT Real Estate put $60.5 million into a trust dedicated to paying back contractors, subcontractors, and creditors.
  • The company would also pay $21.1 million to York County, which provided $21 million toward the project.
  • DT Sports Holdings, another Tepper-owned entity, has already paid $20 million toward debts related to the project.

The repayment scheme must be approved by the court, and GT Real Estate anticipates the hearing will occur in October.

The $800 million design included the team’s headquarters, practice fields, a 5,000-capacity stadium, and indoor practice center. GT Real Estate, which invested $170 million in the project, filed for bankruptcy in June. 

Double Trouble

Tepper Sports & Entertainment also backed out of a similar project for its MLS team, Charlotte FC

Last month, the organization dropped plans to be part of a public-private partnership at Charlotte’s Eastland Mall where the company would build a training facility for the club, its academy, and its MLS Next Pro team across 20 acres.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Colleges Are Raising Student Fees to Pay for Athlete Revenue-Sharing

Schools are preparing to pay student athletes up to $20.5 million annually.

NFL Draft Hosts: D.C., Denver, Buffalo Among Future Contenders

Pittsburgh will host in 2026, but 2027 and beyond is to be determined.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.

Women’s Hoops Transfer Portal Delivers Early Fireworks

Olivia Miles chose TCU while Ta’Niya Latson committed to South Carolina.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”
Wimbledon
June 25, 2025

Players Suing Tennis Begin Negotiations With Grand Slams

They may add the Slams as defendants if talks fail in 90 days.
Wander Franco
June 26, 2025

Wander Franco Convicted of Child Sex Abuse, Receives 2-Year Suspended Sentence

Franco can avoid jail time but is unlikely to return to MLB.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Dec 24, 2022; Cleveland, Ohio, USA; Cleveland Browns quarterback Deshaun Watson (4) warms up before the game between the Browns and the New Orleans Saints at FirstEnergy Stadium
June 24, 2025

Unearthed NFL Arbitration Ruling Raises More Questions Than Answers

The NFL was cleared of collusion, but new questions have emerged.
Apr 24, 2025; Inglewood, California, USA; Los Angeles Clippers guard James Harden (1) controls the ball against the Denver Nuggets during the second half of game three in the first round for the 2024 NBA Playoffs at Intuit Dome.
June 24, 2025

James Harden Sued for Negligence in Sexual Assault Case

Harden hosted the party where the alleged incident happened.
Jun 23, 2025; San Diego, California, USA; San Diego Padres right fielder Fernando Tatis Jr. (23) rounds the bases after hitting a solo home run during the ninth inning against the Washington Nationals at Petco Park.
June 24, 2025

Tatis Sues Big League Advance for ‘Predatory’ Future Earnings Deal

Tatis would owe $34 million from his current deal alone.
Jul 7, 2023; Bronx, New York, USA; New York Yankees third baseman Josh Donaldson (28) react after striking out during the fifth inning against the Chicago Cubs at Yankee Stadium.
June 23, 2025

Former Yankee Josh Donaldson Wins $222K in Lawsuit Against Landlord

Donaldson played the 2022 and 2023 seasons for the Yankees.