Robert Sarver is selling the Suns and Mercury, the controversial owner announced on Wednesday.

Following an investigation into allegations of workplace misconduct against Sarver and his organization, he was suspended for one season and issued a $10 million fine. But amid growing pressure that the punishment was not severe enough — Suns vice chairman Jahm Najafi and PayPal CEO Dan Schulman said they didn’t want him to return — Sarver has decided to step away.

“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,” he wrote in a statement. “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.”

Robert Sarver is selling the Suns and Mercury.

The move has support from the league and commissioner Adam Silver.

“I fully support the decision by Robert Sarver to sell the Phoenix Suns and Mercury,” Silver said in a statement. “This is the right next step for the organization and community.”

The league’s investigation found that Sarver “said the n-word at least five times” in “repeating or purporting to repeat” the statements of others. He also allegedly made several comments towards women in the workplace and exposed himself to employees multiple times.

The 60-year-old real estate developer initially denied those claims. This statement, and his decision to explore a sale, seems to indicate there was some truth to them.

Robert Sarver at a Suns game in 2011.

ESPN’s Adrian Wojnarowski tweeted that the Suns are expected to be very desirable, citing the franchise as a warm-weather destination that league executives believe is an attractive free agent destination with the right ownership. The Suns reached the NBA Finals two years ago and are coming off a 64-win season.

High-profile stars spoke out against Sarver since the NBA handed down the suspension. LeBron James and Chris Paul both expressed outrage.

“I am of the view that the sanctions fell short in truly addressing what we can all agree was atrocious behavior,” Paul, who plays for the Suns, tweeted.

Robert Sarver celebrating the Suns’ trip to the NBA Finals in 2021.

James wrote: “I love this league and I deeply respect our leadership. But this isn’t right. There is no place for misogyny, sexism, and racism in any work place. Don’t matter if you own the team or play for the team. We hold our league up as an example of our values and this aint it.”