Jerry Richardson, the owners of the NFL club Carolina Panthers, has announced that he will be selling the club.
The decision on part of Richardson came 48 hours after a story broke on Friday accusing him of inappropriate workplace behavior.
A shocking, previously unreported, turn of events forced Richardson to make an announcement on Sunday night saying that he would be selling his stake in the team at the end of this season.
Jerry Richardson has announced to sell Carolina Panthers following sexual and racial misbehavior allegations
Source: SB Nation
But a letter on the Panthers’ official website, which mention the decision, remain silent about the allegations against him. Richardson says in the letter,
I believe that it is time to turn the franchise over to new ownership.
The Panthers have only had Jerry Richardson as their only owner. He is credited with single-handedly expanding the team for the 1995 season. However, the allegations of misbehavior have now changed everything.
According to Sports Illustrated, the accusations are both sexual and racial in nature.
Richardson has made it clear that the process of selling the team will start only after the end of the season, but NFL might continue to investigate the issue on its own and might even disagree with Richardson’s terms.