Home Real Estate Carolina Panthers Owner Punts Real Estate Firm Into Ch. 11

Carolina Panthers Owner Punts Real Estate Firm Into Ch. 11

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By Jeff Montgomery (June 2, 2022, 10:35 AM EDT) — A holding company at the center of the Carolina Panthers scuttled plan for a new, $800 million headquarters and practice facility limped into Delaware bankruptcy court, reporting more than $100 million in debt.

GT Real Estate Holdings LLC’s case opening petition late Wednesday listed Panthers owner David Tepper’s non-debtor DT Sports Holding LLC as having 100% of the debtor’s ownership interests, and Tepper Sports Holding Inc. as 100 percent owner of DT Sports.

Tepper, a hedge fund billionaire and founder of Appaloosa Management, owns Tepper Sports & Entertainment, based in Charlotte, N.C.

Although other more-detailed disclosures had yet to be filed…

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