John Schnatter resigns as Papa John's chairman

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"Colonel Sanders called blacks n-s", Schnatter reportedly said, complaining that Kentucky Fried Chicken had not faced any backlash over Sanders' statements.

Schnatter stepped down from his role as CEO late previous year after saying NFL players should stand for the national anthem and that their protests had hurt the company's sales.

Papa John's issued an apology after the November 1 conference call distancing itself from Schnatter's comments.

According to Forbes, the 56-year-old also spoke about his early life in IN on the conference call, and claimed people used to drag African-Americans from trucks until they died. "Simply stated, racism has no place in our society", his statement added.

Papa John's founder John Schnatter is apologizing after reportedly using a racial slur during a conference call in May.

Papa John's Pizza's vocal chairman, John Schnatter, is under fire again.

Papa John's' announcement of his resignation said that the company would be announcing a new chairman in coming weeks.

Schnatter admitted to the remark and apologized in a statement to Forbes.

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The pizza chain founder used the racial slur in a media training session in May, according to media reports.

There are more than 3,400 Papa John's restaurants in the United States and Canada, including 40 in New Jersey.

By February, the Pizza Chain would end its sponsorship deal with the league entirely and it's biggest celebrity, Peyton Manning, would go on to sell his stake in the company.

An article published Wednesday in Forbes detailed the latest incident from May involving a conference call between Papa John's executives and the marketing agency Laundry Service.

Louisville plays its home games at Papa John's Cardinal Stadium, but players are pushing for a name change.

According to Darren Rovell of ESPN, Schnatter also resigned from Louisville's board of trustees.

Papa John's stock had fallen 4.8 percent by market close Wednesday. For instance, Chicago White Sox fans get 50 percent off after a White Sox win with a special Papa John's coupon code.

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