4:21 PM ET

The sale of the Carolina Panthers to hedge fund billionaire David Tepper for an NFL record $2.275 billion is official, it was announced Monday.

Tepper purchased the team from Panthers founder Jerry Richardson, who was fined $2.75 million by the NFL for sexual and racial workplace misconduct on June 28.

“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 in a statement. “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.”

Richardson issued a statement saying he and his wife Rosalind “are grateful to the Carolina community for the love and support you have shown your Panthers. Your enthusiasm for football and devotion to the team has been a source of strength for us and for everyone who calls the Carolinas home.”

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