Robert Sarver says he’s starting the process to sell NBA’s Phoenix Suns, WNBA’s Phoenix Mercury

Owner Robert Sarver on Wednesday introduced that he has begun the process to sell each the NBA’s Phoenix Suns and WNBA’s Phoenix Mercury franchises.

“As a person of religion, I imagine in atonement and the path to forgiveness,” Sarver stated in a press release Wednesday. “I anticipated that the commissioner’s one-year suspension would offer the time for me to focus, make amends and take away my private controversy from the groups that I and so many followers love.

“But in our present unforgiving local weather, it has develop into painfully clear that that’s now not doable — that no matter good I’ve performed, or may nonetheless do, is outweighed by issues I’ve stated in the previous. For these causes, I’m starting the process of looking for consumers for the Suns and Mercury.”

Sarver was suspended one 12 months and fined $10 million final week after an NBA investigation discovered that he used the N-word no less than 5 instances “when recounting the statements of others.”

Sarver additionally was concerned in “cases of inequitable conduct in direction of feminine workers,” together with “sex-related feedback” and inappropriate feedback on workers’ appearances.

“Words that I deeply remorse now overshadow practically 20 years of constructing organizations that introduced folks collectively — and strengthened the Phoenix space — by way of the unifying energy {of professional} males’s and girls’s basketball,” Sarver wrote in his assertion.

Sarver purchased the groups in July 2004 for about $400 million. With roughly one-third of the stake, he isn’t the lone proprietor, however he’s the major one. Forbes just lately estimated the worth of the Suns at $1.8 billion.

The NBA commissioned an investigation in the wake of an ESPN story in November 2021 detailing allegations of racism and misogyny throughout Sarver’s 17 years as proprietor.

“I’m happy to know that whereas Robert initially was not genuinely remorseful for his actions, it does carry me consolation to know that he was ready to put the group and metropolis earlier than his personal wants and needs to step apart in order that we are able to start to transfer ahead with out the harm and anguish that was tied to his management,” a present Suns staffer advised ESPN.

Said one other staffer who participated in the investigation: “I’m relieved, I’m past blissful, I’m empowered and I’m motivated to proceed to make sure that all of the males in that group nonetheless in energy who upheld this tradition are rooted out.”

Since the NBA’s investigation was introduced, LeBron James, Chris Paul and Draymond Green have spoken out and stated the NBA’s punishment was not extreme sufficient.

“I’m so proud to be part of a league dedicated to progress!” James tweeted Wednesday.

PayPal, the Suns’ jersey patch sponsor, threatened not to renew their partnership with the group if Sarver remained proprietor. And Suns minority proprietor Jahm Najafi, the group’s second-largest stakeholder, known as for Sarver to resign.

“I don’t want to be a distraction to these two groups and the positive individuals who work so laborious to carry the pleasure and pleasure of basketball to followers round the world,” Sarver stated in his assertion. “I need what’s finest for these two organizations, the gamers, the workers, the followers, the neighborhood, my fellow house owners, the NBA and the WNBA. This is the finest plan of action for everybody.

“In the meantime, I’ll proceed to work on turning into a greater individual, and persevering with to help the neighborhood in significant methods.”

The Rev. Al Sharpton, who had known as for the NBA to take away Sarver as proprietor, issued a press release Wednesday saying Sarver’s determination to sell the groups was simply the “first step in the lengthy highway towards justice” and that the NBA nonetheless has some “soul looking out” to do

“The racist outdated boys’ membership in skilled sports activities is formally closed,” Sharpton stated in his assertion. “A brand new period is upon us the place it’s insupportable to view Black gamers like property. … It is now crucial that the NBA, each groups, the company sponsors, and the new proprietor, whoever they might be, observe by way of on the dedication to root out racism, misogyny and hate.”

The Associated Press contributed to this report.

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