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John Schnatter, a prominent University of Louisville booster who founded the Papa John's pizza chain, submitted his resignation to the school's board of trustees Wednesday after a story came to light about his use of the N-word during an internal conference call.

Louisville board of trustees chairman J. David Grissom said in a statement that Schnatter resigned, though Grissom said he believed "[Schnatter's] comments, while inappropriate, do not reflect his personal beliefs or values."

Papa John's announced Wednesday evening that Schnatter had resigned from the company's chairman seat.

The university also posted a statement on its official Twitter account

The NFL and Papa John’s agreed to end the sponsorship in February. Peyton Manning also parted ways with Papa back in March. Hopefully this is last we hear from this guy. 

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