“In our current unforgiving climate, it has become painfully clear that (owning the teams) is no longer possible — that whatever good I have done, or could still do, is outweighed by things I have …
Robert Sarver says he has started the process of selling the Phoenix Suns and Phoenix Mercury, a move that comes only eight days after he was suspended by the NBA over workplace misconduct including racist speech and hostile behavior toward employees.
Sarver bought the teams in July 2004 for about $400 million. He is not the lone owner, but the primary one. An independent report that was commissioned by the NBA last November and took about 10 months to complete found that Sarver “repeated or purported to repeat the N-word on at least five occasions spanning his tenure with the Suns,” though added that the investigation “makes no finding that Sarver used this racially insensitive language with the intent to demean or denigrate.”
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