• Loading stock data...
Wednesday, October 15, 2025

PayPal Won’t Renew Suns Partnership If Sarver Doesn’t Resign

  • PayPal has been Phoenix’s jersey sponsor since the program launched in 2018.
  • The multi-year agreement is set to expire after the 2022-23 season.
Mark J. Rebilas-USA TODAY Sports

The pressure is mounting on Robert Sarver to sell the Phoenix Suns following his one-year suspension and $10 million fine.

On Friday, PayPal released a statement saying it will not renew its partnership with the Suns if Sarver remains the owner of the team following his suspension.

“PayPal is a values-driven company and has a strong record of combatting racism, sexism, and all forms of discrimination,” PayPal 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.”

The financial technology company has been Phoenix’s jersey sponsor since the program launched in 2018. The multi-year agreement is set to expire after the 2022-23 season.

PayPal isn’t the only entity putting the pressure on Sarver to sell the team after the NBA’s investigation revealed that the Suns’ primary owner created a toxic work environment.

On Thursday, Jahm Najafi — the organization’s vice chairman and second-largest stakeholder — wrote an open letter to Phoenix players and staff, urging Sarver to resign.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

WNBA’s Fire Prematurely Announce Head Coach Hire on LinkedIn

Portland is expected to hire Alex Sarama from the Cavaliers, FOS confirmed.
Apr 4, 2025; Tampa, FL, USA; South Carolina Gamecocks head coach Dawn Staley reacts during the first quarter in a semifinal of the women's 2025 NCAA tournament against the Texas Longhorns at Amalie Arena.

Dawn Staley Says NBA Far From Ready to Hire a Female Head..

South Carolina’s women’s basketball coach interviewed with the Knicks.
Mat Ishbia

Mat Ishbia Countersues Suns Minority Owners in Transparency Fight

He claims two minority partners are manufacturing a “contrived legal drama.”

Cavaliers Go All In, Lead NBA With Record $392M Payroll

The Cavs are the only second-apron violator in the NBA.

Featured Today

Las Vegas Aces center A'ja Wilson (22) celebrates with her teammates after her last second shot to take the lead 90-88 against the Phoenix Mercury in Game 3 of the WNBA Finals at Mortgage Matchup Center in Phoenix on Oct. 8, 2025.
exclusive

Standoff Over WNBA’s Future Has Dominated Finals

CBA negotiations have stolen the spotlight from the Aces’ dominant performance.
Paul Cartier
October 5, 2025

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Louisville’s Miller Moss and several of his teammates stopped by Olympus Gaming Lounge to play EA Sports College Football 26 with fans for a meet and greet. July 11, 2025

Saudis, Silver Lake, Jared Kushner Take EA Private in $55B Deal

Electronic Arts makes “Madden,” “EA Sports College Football,” and more.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.