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Robert Sarver Selling Phoenix Suns, Mercury ... After N-Word Scandal

Robert Sarver will give up both the Phoenix Suns and the Phoenix Mercury after the NBA found he did use the n-word multiple times during his tenure as an owner in the leagues.

The 60-year-old announced in a lengthy statement on Wednesday morning that he is "beginning the process of seeking buyers for the Suns and the Mercury" following the NBA's findings.

"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, before adding, "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.