With former Pittsburgh minority owner David Tepper having purchased the Carolina Panthers, there will another team hoping to copy the Steelers style when he is officially confirmed as the owner at a league meeting on May 22.
"I have learned a great deal about the community and the team over the past several months and look forward to becoming part of the Carolinas", said Tepper, who was born and raised in Pittsburgh. "It has been a remarkable 25-year journey and I promise to build upon the Panthers' success on the field and in the community".
League owners will meet next week in Atlanta, where they are expected to vote on the purchase.
Tepper, 60, is the founder of the Miami-based hedge fund management firm Appaloosa Management.
Bokhari said he can't believe Tepper or any new owner would move the team. He's a noted philanthropist and an outspoken critic of President Donald Trump, who he called "the father of lies" in an interview with CNBC in 2016, referring to Trump's boasts about philanthropic giving.
"During [Hurricane] Sandy, the big Sandy benefit, the big 9/11 benefit, not one dime".
City council member Tariq Bokhari said from all he has heard, David Tepper wants to keep the team here as well. The hedge fund manager questioned Trump's charitable giving efforts, telling CNBC in 2016, "Listen, Trump masquerades as an angel of light but he is the father of lies".
Tepper's plans on whether the team will remain in Charlotte for the long-term future remain unclear. A New York Magazine profile painted a picture of a man willing to take risks, spend his money and have an office that looks like a sports bar, with decorations famously including faux brass testicles (in honor of a big bet that worked out).
The deal comes five months after Richardson announced plans to sell the team on December 17, the same day Sports Illustrated published a report detailing allegations of sexual and racial misconduct against him.
The NFL's investigation into the team is ongoing. Forbes valued the team at $2.3 billion last September.
"I have enjoyed getting to know him in this process and am confident that he will provide the organisation with great leadership in both its football and community initiatives".