PayPal will not renew sponsorship with Phoenix Suns if owner Robert Sarver returns to team – Fox Business

PayPal will not renew sponsorship with Phoenix Suns if owner Robert Sarver returns to team - Fox Business

PayPal CEO and President Dan Schulman said Friday that his company will not renew its sponsorship with the Phoenix Suns if suspended owner Robert Sarver remains involved with the organization after the conclusion of Sarver’s one-year suspension.

Sarver was suspended by the NBA Tuesday for one season and fined $10 million after the league’s investigation into claims Sarver ran a toxic workplace environment.

Robert Sarver attends a WNBA game

Phoenix Suns and Mercury owner Robert Sarver attends Game 2 of the 2021 WNBA Finals at Footprint Center on Oct. 13, 2021, in Phoenix, Arizona. (Christian Petersen/Getty Images/Getty Images)

The NBA found that Sarver “repeated the N-word while recounting the statements of others” at least five times, and “engaged in instances of unfair behavior toward female employees, made numerous sex-related comments in the workplace, made inappropriate comments about physical appearance by female employees and other women, and on several occasions engaged in inappropriate physical behavior toward male employees.”

PayPal, the jersey patch sponsor of the Sunssaid Friday that the relationship with the Suns will end at the end of the current season if Sarver returns from his suspension.

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“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’s independent investigation into Phoenix Suns owner Robert Sarver and found his conduct unacceptable and at odds with our values,” Schulman said in a statement.

Suns owner Robert Sarver after Game 6 of the WCF

Owner Robert Sarver of the Phoenix Suns conducts an interview after Game 6 of the Western Conference finals of the 2021 NBA Playoffs on June 30, 2021, at Staples Center in Los Angeles. (Andrew D. Bernstein/NBAE via Getty Images/Getty Images)

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“PayPal’s sponsorship with the Suns is set to expire at the end of the current season. Based on the results of the NBA’s investigation, we will not renew our sponsorship if Robert Sarver remains involved with the Suns organization after serving his suspension. “

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PayPal’s statement is just the latest reaction following Sarver’s NBA punishment.

On Thursday, Suns minority owner Jahm Najafi called on Sarver to resign from his position.

Suns owner Robert Sarver after the 2021 WCF

Owner Robert Sarver stands with the Western Conference championship trophy after the Suns defeated the LA Clippers to win the series in Game 6 of the Western Conference finals at Staples Center on June 30, 2021 in Los Angeles . (Harry How/Getty Images/Getty Images)

“I cannot in good judgment sit back and allow our children and future generations of fans to think that this behavior is condoned because of wealth and privilege.” Najafi wrote in an open letter. “Therefore, in keeping with my commitment to help eradicate any form of racism, sexism and bias, as Vice President of the Phoenix Suns, I am requesting the resignation of Robert Sarver. Although I have no interest in becoming a managing partner, I will work tirelessly to ensure that the next team steward treats all stakeholders with dignity, professionalism and respect.”

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The agreement between PayPal and the Suns was reportedly worth $3 million during the 2021-2022 season, according to ESPN.

Fox News’ Ryan Gaydos contributed to this report

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