CHARLOTTE, N.C. -- Businessman Felix Sabates confirmed to NBC Charlotte he is heading up a group that wants to purchase the Carolina Panthers and keep the team in Charlotte.

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Sabates would not name the other potential investors but said they were not all from the Queen City.

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Current owner Jerry Richardson said he was putting the team up for sale after he became the subject of an investigation into allegations he had sexually harassed some female employees and used a racial slur.

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Sabates told NBC Charlotte in a phone interview Thursday morning he believes a new stadium will have to be built to increase revenue. The businessman said a new stadium would help land a Super Bowl.

Stay with wcnc.com for more on this developing story.