Billionaire Carolina Panthers owner David Tepper and his real estate company settled a dispute with York County, S.C., over now-scrapped plans to build a training facility for the National Football League team, Bloomberg News reported. The dispute concerned the transfer of $21.2 million from the county to GT Real Estate Holdings, the Tepper company that was building the facility, and affiliates like Appaloosa Management, Tepper Sports Holding and DT Sports Holding. The county had sued Tepper and his companies over the use of the funds, and local law enforcement officials began a criminal investigation earlier this month. Under the settlement, York County will receive the $21.2 million that that has been in escrow since July. The county considers all matters related to the payment closed and believes that no further action is warranted, it said in a statement announcing the settlement. York County Sheriff Kevin Tolson, whose office launched the criminal probe with the South Carolina Law Enforcement Division, said in a statement that the investigation remains ongoing. “This agreement was reached with county government and not the Sheriff’s Office and does nothing to affect the current investigation into the possible misuse of public funds,” Tolson said.
