Facing investigation, Panthers owner selling team
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.
The NFL awarded Richardson, a former player with the Baltimore Colts, an expansion franchise in 1993, and he has been the team’s only owner.
“There has been no greater mission or purpose in my life than to have brought an NFL franchise to Charlotte,” Richardson wrote. “The obstacles back then were significant and some even questioned whether or community could or would support professional football. But I always knew that if given the chance the Carolina would rise to the occasion. And you have.”
Richardson attended Sunday’s win over the Green Bay Packers at Bank of America Stadium and was photographed sitting beside his wife Rosalind in his luxury box.
He did not speak to reporters.
The NFL had no comment on the upcoming sale of the Panthers.
“While I will no longer be the team owner, I will always be the Panthers Number One fan,” Richardson’s letter said.
The Panthers are tied to Charlotte through June 2019.
The city of Charlotte and the Panthers reached agreement on improvements for the team’s stadium in 2013. The plan called for the city to contribute about $87 million for renovations to Bank of America Stadium in exchange for a six-year hard tether to keep the Panthers in Charlotte.
The money is less than what the team was seeking for improvements of the stadium, which opened in 1996. Forbes estimates the Panthers worth at $2.3 billion. The Buffalo Bills sold in 2014 for $1.4 billion following the death of owner Ralph Wilson.
Richardson and his ownership group paid $206 million in 1993 for an expansion team.
Richardson’s announcement comes after a Sports Illustrated report Sunday that cited unnamed sources who said Richardson made sexually suggestive comments to women and on at least one occasion directed a racial slur at an AfricanAmerican Panthers scout. The report states that the settlements came with nondisclosure requirements forbidding the parties from discussing the details.
The NFL on Sunday said it has taken over the investigation of allegations of workplace misconduct. Panthers spokesman Steven Drummond said Sunday the team requested the league take over the investigation for “transparency reasons.”
Dallas Cowboys owner Jerry Jones called the situation surrounding Richardson “very sad.”
“I’m saddened by any of the stories of the things that might have incited this at this time,” Jones said after Dallas’ win at Oakland on Sunday night. “He took what he made in his short time in pro football and turned it into a great business and then used that to get the Carolina franchise.”