NFL fines ex-Panthers owner $2.75M after misconduct review
CHARLOTTE, N.C. — The NFL has fined former Carolina Panthers owner Jerry Richardson $2.75 million following its investigation into sexual and racial misconduct in the workplace.
The league said Thursday the investigation conducted by former U.S. Attorney Mary Jo White substantiated the allegations against Richardson, that the improper conduct was limited to him and that the team and its ownership failed to report the allegations or any resolution agreements to the league.
The league also said most of the money will go toward organizations that address racial- and gender-based issues in and outside the workplace.
Richardson put the team up for sale after a Sports Illustrated report in December that Richardson made sexually suggestive comments to women and on at least one occasion directed a racial slur at an African-American Panthers scout. The report also stated that the settlements came with non-disclosure requirements forbidding the parties from discussing the details.
Richardson has an agreement to sell the Panthers for a league-record $2.2 billion to hedge fund president and owner David Tepper. The league owners unanimously approved the sale last month, and NFL officials said the sale is expected to close in the next two weeks. Tepper is a former minority owner of the Pittsburgh Steelers.