PayPal says it won't renew its Phoenix Suns sponsorship if owner Robert Sarver stays on

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PayPal says it won't renew its Phoenix Suns sponsorship if owner Robert Sarver stays on
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In a statement, PayPal President and CEO Dan Schulman said Robert Sarver's conduct is 'unacceptable and in conflict with our values.'

PayPal said Friday that the company will no longer sponsor the Phoenix Suns if owner Robert Sarver remains part of the franchise when his suspension ends.

In a statement, PayPal President and CEO Dan Schulman pointed to his company's"strong record of combatting racism, sexism and all forms of discrimination" and said Sarver's conduct is"unacceptable and in conflict with our values." Schulman said PayPal will remain supportive of the team, its players"and the experienced and diverse talent now leading the organization," including coach Monty Williams, general manager James Jones, assistant general manager Morgan Cato and senior vice president of people and culture Kim Corbitt.

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