Panthers owner David Tepper’s real estate firm, GT Real Estate Holdings LLC, has filed for Chapter 11 bankruptcy, according to a report from Joseph Person and Daniel Kaplan of The Athletic.
Per the report, Tepper’s real estate company went bankrupt following the issues related to the team’s new facility slated for Rock Hill, S.C.
GT Real Estate Holdings LLC had liabilities between $100 million and $500 million, assets between $100 million and $500 million and up to 49 creditors.