PayPal announced that it will not continue its jersey patch sponsorship with the Phoenix Suns should Robert Sarver continue in his role with the team at the end of his one-year suspension.
PayPal’s deal with the Suns is set to expire after the 22-23 season and was worth $3 million during the 21-22 season.
“PayPal is a values-driven company and has a strong record of combatting racism, sexism and all forms of discrimination,” PayPal CEO and president Dan Schulman said in a statement. “We have reviewed the report of the NBA league’s independent investigation into Phoenix Suns owner Robert Sarver and have found his conduct unacceptable and in conflict with our values.
“… In light of the findings of the NBA’s investigation, we will not renew our sponsorship should Robert Sarver remain involved with the Suns organization, after serving his suspension,” Schulman said in his statement.
