Carolina Panthers owner Jerry Richardson announced Sunday evening, he will be selling the franchise at the end of the 2017 season. This news comes after accusations against Richardson that include sexual harassment, and a racial slur against a former employee.

Richardson released a statement that read in part, "There has been no greater mission or purpose in my life than to have brought an NFL franchise to Charlotte. The obstacles back then were significant, and some even questioned whether our community could or would support professional football. But I always knew that if given the chance, The Carolinas would rise to the occasion."

To read the full news release, click here.

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According to a Sports Illustrated report, the Panthers settled with at least four former employees regarding inappropriate workplace behavior by the Panther owner.

The NFL has taken over a workplace misconduct investigation into Richardson at the request of the Panthers, who announced Friday that they were looking into accusations made against the owner.

Neither the NFL nor the Panthers have revealed the nature of the investigation. The team declined to address specifics when contacted by SI, but Panthers spokesman Steven Drummond said Sunday that the team asked the NFL to handle the investigation for "transparency reasons."

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