PayPal, the jersey partner of the Phoenix Suns, said on Friday it would not renew its sponsorship with the team if majority owner Robert Sarver continues in his role following his one-year suspension for racist and unethical comments.
“PayPal is a values-driven company with a strong history of fighting racism, sexism and all forms of discrimination,” PayPal CEO and President Dan Shulman said in a statement. We found it to be.
Shulman said in a statement, “…based on the findings of the NBA’s investigation, if Robert Sarver has been associated with the Suns organization, we will not renew our sponsorship after serving his suspension.”
The company’s sponsorship agreement with the Sun Phoenix Mercury And Spanish soccer team Real Club Deportiva Mallorca, all owned by Sarver, are set to expire after the 2022-23 season.
Sources told ESPN that the PayPal deal with the Suns was worth $3 million through the 2021-22 season.
Sarver, who was suspended for one season, could return to the Suns for the 2023-24 season as part of the punishment announced by the NBA on Tuesday.
The league’s investigation found that Sarver used the N-word at least five times during his time with the Suns and Mercury while “referring to other people’s statements.”
In addition, “unfair practices against female employees,” the NBA said in a statement, including “sex-related comments” and inappropriate comments about the appearance of employees.
The NBA ordered an investigation into the ESPN story in November 2021 detailing allegations of racism and misconduct during Sarver’s 17 years as an owner.