CHARLOTTE, N.C. – Carolina Panthers owner Jerry Richardson is putting the team up for sale, according to an announcement from the team.
“While I will no longer be the team owner, I will always be the Panthers’ Number One fan,” the statement published on Sunday night read, in part.
The announcement comes amid allegations of workplace misconduct against Richardson.
Sports Illustrated reported on Sunday that at least four former Panthers employees have received “significant” monetary settlements due to inappropriate workplace comments and conduct by Richardson.
The conduct reportedly included “sexually suggestive language and behavior” and at least on one occasion, a racial slur.
The statement issued by the Panthers does not address the allegations against Richardson.
In the announcement, Richardson said he will wait until the end of this season to begin the sale process or entertain any inquires.
“Football is also an integral part of my life – and I am blessed, every day, that I made the Carolinas my home,” he said, in part. “I can never repay all of you for the kindness and generosity you have shown me, Rosalind, and my family for more than two decades. We have the best fans in football – and I truly mean that. In my opinion, we also have the best organization, and they have served us well.”
The NFL announced Sunday that it is taking over the investigation into the allegations against Richardson, according to ESPN.
Richardson, 81, founded the Panthers in 1993. The team has since competed in the Super Bowl twice, first in 2004 and again in 2016.
The Charlotte Observer reported in September that the Panthers are worth $2.3 billion.
The last team sold was the Buffalo Bills for $1.4 billion to Terry Pegula in 2014, Forbes Magazine reported last year.
The Panthers are now 10-4 this season after defeating the Green Bay Packers in a 31-24 Sunday from Bank of America Stadium.