Richardson announced his intention to sell the team just before 8 p.m., Sunday night, in the wake of a damning sports Illustrated report regarding allegations of sexual and racial workplace misconduct against the franchise's only owner.
The Panthers' original announcement raised questions about the independence of an investigation conducted by one of the team's owners. While that is incredibly hard to pull off, he may have an opportunity to join in as one of the 32 team owners now that Jerry Richardson is selling the Carolina Panthers.
Despite the circumstances, the team could go for $2.5 billion to $2.8 billion, according to a source who has been involved in similar sales.More news: You Can Manage Your Identity on Facebook Using Face Recognition
The settlements were accompanied by non-disclosure and non-disparagement clauses which prevent the former employees from speaking publicly.
Richardson also allegedly touched female employees and asked them if he could shave their legs and if they could massage his feet.
"First of all, we're back in the headlines and that's what matters", said Sebastian Medina-Tayac, one of the organizers. Other women said he gave them back massages that strayed too low, or performed the "seatbelt maneuver", insisting on buckling them into the passenger seat of his vehicle as an excuse to brush against their breasts.More news: Twitter begins enforcing rules on 'hateful, abusive' content
There was no mention of the misconduct investigation, which the National Football League has taken over from the Panthers.
The investigation was originally going to be led by the law firm of Quinn Emanuel Urquhart and Sullivan, LLP, and overseen by Erskine Bowles, a minority owner with the Panthers. The Panthers would have been paying the legal fees of their supposedly independent investigators, and attorney-client privilege likely applied.
Drummond said in a release that the Panthers take these allegations very seriously and are committed to a full investigation.
Outside of potentially owning a National Football League team, there are many reasons why Combs had a prosperous 2017. Team President Danny Morrison resigned earlier this year and has not been replaced, and Jerry Richardson fired Dave Gettleman as the Panthers' general manager just before training camp and replaced him with former GM Marty Hurney. He could also conclude that the Panthers as a franchise warrant discipline in the form of a fine or forfeited draft picks.More news: NBC Reportedly Paid Off Producer Who Accused Chris Matthews of Sexual Harassment
Diddy wasted no time throwing his hat in the ring as an ownership candidate. The NFL suspended Indianapolis Colts owner Jim Irsay for six games and fined him $500,000 in 2014 after Irsay's guilty plea to a misdemeanor count of driving while intoxicated. Owners would discuss those charges and their accompanying evidence in a trial-like hearing. He and his ownership group paid $206 million in 1993 for the expansion franchise. There are already some famous names throwing their hats in the ring. Since the Panthers are more successful and own their stadium, they might be worth almost twice that amount.
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