Robert Sarver started the selling process for Phoenix Suns and Mercury.


Phoenix Suns and Mercury owner Robert Sarver announced that he has started the process to sell both franchises.

"I am beginning the process of seeking buyers for the Suns and Mercury," he claimed.

Last week, NBA announced suspending Sarver for one year and fined him $10 million after an independent investigation concluded revealing racist and sexist behaviors.

LeBron James and Chris Paul were among those that suggested that the NBA's punishment was not enough.

Meanwhile, Suns' vice chair Jahm Najafi called for Robert Sarver to resign after the NBA suspension.

Sarver became the Suns' majority owner in 2004. An Arizona native, he made his fortune in banking and real estate.

Full Robert Sarver's statement:

"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.  

As a man of faith, I believe in the atonement and the path to forgiveness. I expected that the commissioner's one-year suspension would provide the time for me to focus, make amends and remove my personal controversy from the teams that I and so many fans love.

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. For those reasons, I am beginning the process of seeking buyers for the Suns and Mercury.

I do not want to be a distraction to these two teams and the fine people who work so hard to bring the joy and excitement of basketball to fans around the world. I want what's best for these two organizations, the players, the employees, the fans, the community, my fellow owners, the NBA, and the WNBA. This is the best course of action for everyone.

In the meantime, I will continue to work on becoming a better person and continuing to support the community in meaningful ways. Thank you for continuing to root for the Suns and the Mercury, embracing the power that sports has to bring us together."

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