Steelers Minority Owner Dies in North Carolina ATV Accident
The community is mourning the loss of Doug Lebda, a prominent figure in both the financial services industry and sports ownership. Lebda, 55, died in an ATV accident on a family farm in North Carolina over the weekend, according to a statement from LendingTree, the company he founded.
Doug Lebda’s Impact on Business and Sports
Lebda was recognized as a visionary leader whose dedication shaped the financial landscape. His company, LendingTree, revolutionized online borrowing since its establishment in 1996. Following frustrations in securing his own mortgage, he created a platform that connected borrowers with multiple lenders.
In November 2019, Lebda acquired a minority stake in the Pittsburgh Steelers from David Tepper, owner of the Carolina Panthers. Tepper, a Pittsburgh native, has a net worth of $23.7 billion, making him one of the wealthiest individuals worldwide. While the exact financial details of Lebda’s investment remain undisclosed, estimates suggest that a 5% stake in the Steelers was valued at around $140 million.
Community and Family Remember Doug Lebda
The Steelers organization expressed deep sadness over Lebda’s unexpected passing. Art Rooney II, Steelers President, noted his contributions to the business world and his dedication to family and community. “Doug was a generous individual who cared deeply about his family and community,” Rooney said.
- Age at Death: 55
- Company Founded: LendingTree in 1996
- Minority Stake Purchase: Pittsburgh Steelers in November 2019
- Tepper’s Wealth: $23.7 billion (as of recent report)
- Survived By: Wife, Megan, and three daughters—Rachel, Abby, and Sophia
Megan Lebda shared heartfelt words about her husband, expressing gratitude for the overwhelming support from the community. She described him as “an amazing man with a heart so big it seemed to have room for everyone he met.”
LendingTree’s Corporate Response
LendingTree announced the tragic event in a statement, honoring Lebda’s legacy. Following the news, the company’s stock experienced a significant decline, reflecting the market’s reaction to the loss of its leader.
Doug Lebda’s contributions to financial services and sports ownership leave a significant legacy. His innovative spirit and generosity will be remembered by many in both industries.
