Panthers owner Jerry Richardson before the 2016 NFC Championship game against the Cardinals. The Carolina Panthers have announced that owner Jerry Richardson is selling the NFL franchise amid an investigation by the league into allegations of sexual and racist misconduct by Richardson in the workplace. The team announced on Twitter that Richardson is selling the team, linking to a five-paragraph letter by the franchise's only owner. Richardson said in the open letter “I believe it is time to turn the franchise over to new ownership. Panthers spokesman Steven Drummond said Sunday the team requested the league take over the investigation.

Source: Los Angeles Times December 17, 2017 17:16 UTC