PayPal has stated that it will not renew its jersey patch partnership of the Phoenix Suns should majority owner Robert Sarver continue in his role.
The news comes following Savers one-year suspension for ‘racist and misogynist remarks’. The deal, originally formed in 2018 and also including the Phoenix Mercury and Spanish football’s Real Club Deportivo Mallorca, is now set to expire after the 2022-23 season.
In a statement, PayPal CEO and President Dan Schulman, said: “PayPal is a values-driven company and has a strong record of combatting 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.
“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 organisation, after serving his suspension.”
The NBA announced the one-season suspension on Tuesday, as well as a $10m fine. However, Sarver can return to the Suns for the 2023-24 season.
Sarver has been reportedly found of using racist slurs as well as ‘instances of inequitable conduct toward female employees’.
“While we strongly reject the conduct of Robert Sarver, we remain supportive of the team, its players, and the experienced and diverse talent now leading the organisation, including: Head Coach Monty Williams, General Manager James Jones, Assistant General Manager Morgan Cato, and Senior Vice President of People and Culture Kim Corbitt,” PayPal added.