Panthers sale: Vincent Viola finalizes purchase of team

Viola will act as the team’s chairman, principal owner and governor of Sunrise Sports & Entertainment, with Douglas Cifu taking over as vice chariman, partner & alternate governor. Michael Yormak has been promoted to president & CEO.

It has been reported that Viola purchased the team for $250 million, according to Darren Dreger of TSN. While the Panthers are viewed as a struggling franchise, Viola has remained consistent that his group plans to keep the team in Florida.