CHARLOTTE, N.C. – Facing a growing investigation that accuses him of sexual misconduct and using racist language at work, Carolina Panthers owner Jerry Richardson announced Sunday that he will sell the NFL team after the season.
The team announced on Twitter that Richardson is selling the team, linking to a five-paragraph letter by the franchise's only owner.
"I believe it is time to turn the franchise over to new ownership," Richardson wrote, saying he wouldn't begin discussions until after the season. The Panthers, who lost in the Super Bowl two seasons ago, are in playoff position again.
"I hope everyone in the organization, both on and off the field, will be firmly focused on one mission: to play and win the Super Bowl," said Richardson, 81.
Richardson's letter did not directly address the investigation or allegations against him.
A Sports Illustrated report Sunday cited unnamed sources who said Richardson made sexually suggestive comments to women and on at least one occasion directed a racial slur at a black Panthers scout. The report states the settlements came with nondisclosure requirements forbidding the parties from discussing details.
The NFL on Sunday said it has taken over the investigation of allegations of workplace misconduct. Team spokesman Steven Drummond said the team requested the league take over the investigation for "transparency reasons." The NFL had no comment on the upcoming sale.
He attended Sunday's home victory over the Green Bay Packers and was photographed beside his wife, Rosalind, in his luxury box. He did not speak to reporters.
