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An independent investigation found that Sarver, who bought the
Suns and the WNBA's Phoenix Mercury in 2004, engaged in
inequitable conduct toward female employees, including
"sex-related comments" and inappropriate remarks on female
employees' appearances.
Sarver, who cooperated fully with the investigation process, was
also found to have used a racial slur on at least five occasions
"when recounting the statements of others".
"Words that I deeply regret now overshadow nearly two decades of
building organizations that brought people together – and
strengthened the Phoenix area – through the unifying power of
professional men's and women's basketball," Sarver said in a
statement.
"As a man of faith, I believe in atonement and the path to
forgiveness... But in our current unforgiving climate, it has
become painfully clear that that is no longer possible – that
whatever good I have done, or could still do, is outweighed by
things I have said in the past," he said.
"For those reasons, I am beginning the process of seeking buyers
for the Suns and Mercury."
NBA Commissioner Adam Silver endorsed Sarver's decision.
"This is the right next step for the organization and
community," Silver said in a brief statement.
Los Angeles Lakers star LeBron James also welcomed Sarver's
decision after criticizing the league last week for handing down
what he deemed too light a punishment.
"I'm so proud to be a part of a league committed to progress!"
James said on Twitter.
The NBA commissioned its investigation following an ESPN report
in November 2021 that detailed allegations of racism and
misogyny during Sarver's tenure. Sarver denied the allegations
and said he welcomed an investigation.
Sarver purchased the Suns in 2004 for $401 million. The team was
valued at $1.8 billion at the beginning of last season,
according to Forbes.
(Reporting by Rory Carroll in Los AngelesEditing by Toby Davis)
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