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Steve Bisciotti's letter to Ravens PSL owners and fans

Baltimore Ravens owner Steve Bisciotti sent out a long letter to the PSL owners and fans regarding the Ray Rice situation.

Rob Foldy-USA TODAY Sports

Baltimore Ravens owner Steve Bisciotti sent out a letter to all Ravens' fans about the Ray Rice situation. It was very informative and I'm sure that a lot of you will appreciate it.

"Dear Ravens Stakeholder:

You deserve an explanation.

What happened with the Ray Rice incident? How could it come to this? Why didn't we act earlier?

As a PSL holder, suite owner, sponsor and supporter, you have a stake in us. You have invested in us – emotionally as well as financially, trusted us, and believed in us. We value that trust and owe you full disclosure.

First, let us say that we did not do all we should have done and no amount of explanation can remedy that. What we can do now is share with you everything that occurred and vow to learn from all that has happened."

The letter breaks down how the Ravens handled the Ray Rice incident from the beginning, with Bisciotti.

You can read the rest of the letter on the team's official site.