CHARLOTTE (WFMY) - The Carolina Panthers sale to David Tepper has closed, the team announced on its website Monday.

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“I am thrilled to begin this new era of Carolina Panthers football and am humbled by the overwhelming excitement and support for the team," Tepper said. "On behalf of the fans and myself, I thank Jerry Richardson for bringing the team to the Carolinas and for entrusting me with its future. Winning is the most important thing both on the field and in the community, and I am committed to winning a Super Bowl championship together. I look forward to being part of the Panthers’ family and to supporting this flourishing region.”

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Tepper signed an agreement to buy the team on May 16. The purchase was approved by NFL owners on May 22. Tepper is the founder and president of global hedge fund Appaloosa Management, L.P.

Former owner Jerry Richardson penned a farewell message that the team tweeted.

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