PayPal threatens to end sponsorship of Phoenix Suns

PayPal threatened to end its sponsorship of the Phoenix Suns on Friday unless the team removes owner Robert Sarver, who was suspended earlier this week following an

investigation into alleged racist and misogynistic behavior. “PayPal is a values-driven company and has a strong record of combatting racism, sexism, and all forms of

discrimination,” the company’s CEO and President Dan Schulman said in a statement. “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.” After conducting a yearlong investigation into allegations of workplace

misconduct, the NBA announced on Tuesday that Sarver would face a one year suspension and $10 million fine. The league faced blowback over the decision, with the NAACP calling

Sarver’s punishment “nothing but a speeding ticket.” PayPal, a financial technology company that owns PayPal and Venmo, said it would not renew its sponsorship with the

Suns at the end of the season if Sarver were to remain involved. “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 organization,” Schulman said. Rev. Al Sharpton on Friday commended the company’s decision, after

previously calling on PayPal to end its partnership with the team. “I commend Mr. Schulman for taking this step, but more can and must be done because justice delayed is

simply justice denied,” Sharpton, the founder and CEO of the National Action Network, said in a statement.