PayPal, whose logo is featured on the Suns uniforms as part of the NBA’s jersey sponsorship program, issued a statement on Friday announcing that the company won’t continue its agreement with the franchise beyond the 2022-23 season as long as owner Robert Sarver remains involved with the team.
“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,” PayPal CEO and president Dan Schulman said in a statement. “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.”
PayPal’s announcement comes on the heels of Jahm Najafi, one of the Suns’ vice chairmen and minority stakeholders, calling for Sarver’s resignation.
As Baxter Holmes of ESPN relays (via Twitter), Phoenix mayor Kate Gallego and some city council members also put out a statement announcing that staffers will open an investigation into the situation to see if there’s any actions that city leaders can take in response to the report on Sarver’s misconduct.
Here’s more on the Sarver saga:
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