Robert Sarver to begin 'process of seeking buyers' for Suns, Mercury after NBA suspension

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Robert Sarver announced Wednesday he will begin "the process of seeking buyers" for the Phoenix Suns and Phoenix Mercury.

Sarver’s announcement came after the NBA suspended him for a year and fined him $10 million after an investigation concluded he made racist and misogynistic remarks.

"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.

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Phoenix Suns and Phoenix Mercury owner Robert Sarver and wife Penny Sanders attend Game Two of the 2021 WNBA Finals at Footprint Center in Phoenix, Arizona, on Oct. 13, 2021. (Christian Petersen/Getty Images)

"As a man of faith, I believe in 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