PayPal CEO Dan Schulman said Friday that the company would not renew its sponsorship with the Phoenix Suns if owner Robert Sarver returns to the team.
"PayPal is a values-driven company and has a strong record of combating racism, sexism and all forms of discrimination. 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," Schulman said in a statement.
Owner Robert Sarver of the Phoenix Suns does an interview after Game 6 of the Western Conference finals of the 2021 NBA Playoffs June 30, 2021, at Staples Center in Los Angeles."PayPal’s sponsorship with the Suns is set to expire at the end of the current season. 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.
Owner Robert Sarver stands with the Western Conference championship trophy after the Suns beat the LA Clippers to win the series in Game 6 of the Western Conference finals at Staples Center June 30, 2021, in Los Angeles. "I cannot in good judgment sit back and allow our children and future generations of fans to think that this behavior is tolerated because of wealth and privilege,". "Therefore, in accordance with my commitment to helping eradicate any form of racism, sexism and bias, as Vice Chairman of the Phoenix Suns, I am calling for the resignation of Robert Sarver.
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