Carolina Panters owner and billionaire David Tepper threw a drink on a Jaguars football fan. The NFL is aware of the video.
Tepper is "completely untouchable as a person of his financial and social stature." The story went on to say, "When
you’re this wealthy in America, this is, sadly, one of the perks
afforded to you."
Tepper is a private equity underwriter (PEU). Sports Business Journal reported in 2021:
NFL Panthers Owner David Tepper has become the "founding investor for a private equity firm that plans to invest in growth companies, special situations and the media and sports sectors," according to Miles Weiss of Bloomberg News.
The firm, Andalusian Private Capital, was "co-founded by one of Tepper’s most trusted execs," Jeffrey Kaplan, who "helped his one-time boss make the record-setting" $2.3B acquisition of the Panthers.
Andalusian, with about $800M in assets, "will invest on behalf of Tepper and more than 10 family offices who are banding together to do their own transactions rather than committing capital to private equity firms."
His financial machinations include declaring bankruptcy for the Panthers new practice facility in Rock Hill, South Carolina.
The PEU boys have been pissing on little people for decades. Was Tepper's drink a Mountain Dew?
Update 1-4-24: The NFL fined Tepper $300,000. In a statement he attributed his behavior to "being passionate" about his team and said he regretted it. Some people regret being caught. It's not clear if PEU Tepper fits into this group.
Update 4-25-24: David Tepper's Appaloosa LP sued UBS over bonds issued by Credit Suisse. Swiss authorities wiped out Credit Suisse bonds before UBS took over the insolvent investment bank. Tepper's Appaloosa relied on statements from Credit Suisse about its liquidity in buying their bonds. The Carlyle Group characterized such statements as "puffery", when it got sued for the implosion of Carlyle Capital Corporation.
