"In reference to that word, I don't like it," Williams said. "I never have, especially when I was younger and I learned what that word meant. I learned how demeaning it was towards humanity, not just black folks."
"And when I saw the report, I was not happy about it. Quite frankly, disgusted. It's not a word you repeat any time."
Williams said he was bothered about the report ... and says he understands the slur has become a more "socially accepted word" in the Black community -- but it doesn't make Sarver's actions right.
Despite all the damning allegations against Sarver, Williams says he never once thought about leaving the Suns ... and wanted to help bring change to the franchise.
As we reported, Sarver announced last week he will sell the Suns -- and the Phoenix Mercury -- after NBA investigators determined he did use the n-word on at least five separate occasions. In his announcement, the 60-year-old said, "I want what's best for these two organizations, the players, the employees, the fans, the community, my fellow owners, the NBA and the WNBA. This is the best course of action for everyone."