Carolina Panthers Owner Jerry Richardson Says He Will Sell Team

Carolina Panthers owner Jerry Richardson watches the action during the first half of an NFL football game between the Carolina Panthers and the Green Bay Packers in Charlotte, N.C., on Sunday.

Mike McCarn / AP

Carolina Panthers owner Jerry Richardson announced Sunday that he would put his team up for sale at the end of the season after the National Football League said it was opening an investigation into accusations of workplace misconduct against him.

“I believe that it is time to turn the franchise over to new ownership,” Richardson, 81, said in a statement on the team’s website. “Therefore, I will put the team up for sale at the end of this NFL season.”

Two days ago, the team said it was conducting an internal investigation into Richardson’s conduct, but did not specify the nature of the allegations. Sports Illustrated says they include sexual harassment of multiple female employees and a racial slur.