Former Carolina Panthers owner Jerry Richardson was fined $2.75 million by the NFL on Thursday as a result of a lengthy investigation stemming from allegations of workplace misconduct within the organization. The money from the fine will go towards supporting organizations addressing race and gender-based issues and fund league-wide workplace training.
Richardson, the team’s only owner since its inception in 1993, was accused of sexual and racial misconduct in December by four women who worked in the front office, according to a piece by Sports Illustrated. None of the four stayed with the organization.
After SI’s article was published, Richardson announced that he was planning to sell the team. He also stepped away from day-to-day operations, while naming Tina Becker as the team’s new COO.
Richardson is to sell the Panthers to hedge fund manager David Tepper within the next few weeks for $2.275 billion. Approval of Tepper taking over was voted on in May at the owners meetings. Richardson casted his vote for Tepper as his final act as owner.
Featured image by AP Photo/Bob Leverone
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