David Tepper’s real estate company files for money laundering at Panthers – WSOC TV

CHARLOTTE – A real estate company led by Carolina Panthers owner David Tepper filed a bankruptcy lawsuit, Channel 9 has confirmed.

GT Real Estate Holdings said the money was disbursed as a result of a failed project in Rock Hill.

The registration comes after the termination and termination of the project contract with City of Rock Hill, which GTRE announced in April.

Construction work came to a halt at the stadium earlier this year when Tepper Sports said the city had not provided any funding.

GT Real Estate Holdings has released the following statement on bankruptcy reservation:

“In recent weeks, GTRE has faced a number of claims, some legitimate and some not, from vendors, contractors and others, including York County, SC. supervised by the court, and to carry out the work in an orderly and secure manner. GTRE seeks to terminate its legal obligations. “

This list does not apply to Tepper Sports, Panthers or Charlotte FC, the real estate company said. Bankruptcy records record 17 statements from a major $ 27 million construction company to Myers Park’s $ 1,600 inmate.

A bankruptcy attorney who did not agree with the case told Channel 9 that people should expect the vacant land to be cleared immediately as a result of this post.

“This is a process that I think will help speed up and whatever the project will be, the goods will be there, you know, in the future,” said John Woodman. “This will enable the project to start much sooner.”

It is unknown at this time what he will do after leaving the post.

York County provided $ 21 million from Tepper. A spokesman for the district said I was helping to repair the Mount Gallant road. Court documents say Tepper’s company disputes his allegations.

A York County spokesman shared this message with Channel 9:

“On Wednesday, GT Real Estate Holdings LLC, (GTRE) filed for bankruptcy. GTRE is a corporation working on the purchase and construction of the Carolina Panthers headquarters and gymnasium in York County on behalf of Carolina Panthers and David. Tepper.

The York County government has been listed as one of its creditors. GTRE has partnered with York County to upgrade the Mt. Gallant Road section, which runs across the headquarters / gymnasium. York County provided $ 21 million to Mt. “Great work. We hope the money will be repaid in full by interest, and that County taxpayers are protected.

Tepper, who made billions in hedge funds, is the richest owner of the NFL. He has invested more than $ 175 million at the site, located about 15 miles[25 km]south of the team’s stadium and headquarters in Charlotte.

GTRE announced in The Associated Press in a statement Wednesday night that the Delaware-led economic reform process has begun to put an end to the project.

GTRE also announced that it has received $ 20 million in funding from DT Sports Holding, LLC, in a court of law, which provides for the company to raise funds to address its legitimate concerns, as well as to maintain, protect and expand Rock Hill facilities for the benefit of all. is affected by it.

Rock Hill is not ready to speak until it has a chance to review what was returned Thursday, a city spokesman said.

The failure of this fund to end the bitter dispute between Tepper and the city of Rock Hill.

Tepper Company said it had been in contact with the city for more than a year, warning in March that it had 30 days or so for the Panthers to leave. He said in a statement in April that “it is unfortunate that some have recently decided to launch an all-out, man-made campaign to hide their shortcomings.”

Rock Hill officials responded, saying the Panthers’ proclamation was “misleading and misleading” and that they embraced the Panthers, welcomed their headquarters in South Carolina “and did everything possible to make the project a success and not fail to fulfill our responsibilities.”

“Our aim was to continue to do business honestly and to protect taxpayers,” Rock Hill said. “Instead, over the past few weeks we have tried to meet the Panthers several times but to no avail.”

The city also claimed that it had complied with the terms of the agreement, but had failed to provide the Panthers with unlimited resources and was required to protect taxpayers.

The Panthers headquarters and playground is expected to be completed by 2023.

It is unknown at this time what he will do after leaving the post.

The Associated Press has contributed to this.

(SEE BELOW: SC Gov. McMaster expresses frustration when Panthers’ gym activities are suspended in Rock Hill)

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