Today, PayPal CEO and President Dan Schulman released the following statement regarding the status of PayPal’s sponsorship with the Phoenix Suns:
"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 organization, after serving his suspension.
"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, including: Head Coach Monty Williams, General Manager James Jones, Assistant General Manager Morgan Cato, and Senior Vice President of People and Culture Kim Corbitt."