Panthers owner Jerry Richardson stepping aside effective immediately

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Owner of the Carolina Panthers, Jerry Richardson, talks to quarterback Cam Newton before their game against the Oakland Raiders at Bank of America Stadium on December 23, 2012, in Charlotte, North Carolina. (Photo by Streeter Lecka/Getty Images)

CHARLOTTE, N.C. — Jerry Richardson, the founder and owner of the Carolina Panthers, will step aside from the team’s day to day operations, according to the Charlotte Observer.

Tina Becker will take over as COO and will have full control of organization effective immediately, the team announced Monday.

Becker has been with the team for 20 years.

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.

Richardson is putting the team up for sale, according to an announcement from the team.

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