Broad was named as the player to have leaked the photo, fronting the media with Richmond President Peggy O'Neal on Monday. 

"I take full responsibility for what I have done — I sent a very private picture without this young woman's consent," Broad read from a statement.

"I am ashamed and I am embarrassed and I made a very bad drunken decision.

"Not only have I let down my family, my friends and the Richmond Football Club, but most of all I let down a young woman who I cared about."

Broad was handed a three-game suspension for the 2018 season by the club but could be suspended further by the AFL. 

The woman behind the photo released a statement of her own through Maurice Blackburn Lawyers. 

"She approached the player and football club for help to getting it removed from the internet, but it soon became apparent that the image had gone 'viral'," Maurice Blackburn Lawyers said in the statement.

The woman decided not to proceed with charges against Broad to "protect her identity and avoid any further attention and distress" her lawyers said.

"Her motivation for approaching police was for assistance in getting the image deleted from wherever it had been uploaded, rather than pursuing a criminal investigation into the player's conduct. The latter was never her intention," the statement said.

"Her main focus has been protecting her privacy, welfare and dignity as she tries to come to terms with what has happened.

"The unauthorised distribution of her photograph and the subsequent attention it has received has had a devastating impact on the young woman's wellbeing.

"She is desperate to maintain her anonymity as she tries to get on with her life as best she can."