Papa John's Chairman Resigns After Using Racial Slurs During Conference Call

With in 24 hours resigned from two boards and lost a naming right

John Schnatter is resigning as Papa John's Chairman after admitting to using racial slurs during a conference call.

  Forbes reported that Schnatter made the offensive comments when asked on the call how he'd distance himself from racist groups online. 

Schnatter released a statement yesterday admitting the reports are true and apologized, saying racism has no place in society. 

Schnatter earlier faced backlash for blaming the NFL player protests during the National Anthem for a downturn in sales.

He also stepped down from the University of Louisville Board of Trustees.

And in his hometown, he faced more backlash as the mayor of Jeffersonville stripped the "John H. Schnatter" name from the historic Nachand Fieldhouse he donated to restore.