Rumors

The Phoenix Suns and PayPal (NASDAQ: PYPL) announced that they have extended their partnership through the 2026 NBA season. PayPal will “continue as the Suns’ jersey sponsor and, as part of the enhanced multi-year deal, the organizations will now increase their focus on supporting small businesses throughout the Valley and elevating the fan experience by offering innovative payment solutions at the arena and online.”

Crowdfund Insider

Gerald Bourguet: The Suns announce they have extended their partnership with PayPal through 2026. They will continue to have their path on home and away jerseys

Twitter

What’s your level of interest in being the majority team owner? Sam Garvin: “Honestly, none. I would have none. Since we bought it in 2004, I was vice chairman for 18 years until Robert and Adam Silver asked me to perform this function. And my work is a lot on the business side. So if you come to a game and you look up and you see PayPal and Fry’s and Lexus, those are relationships that in my other business as I’m in promotion execution business. A lot of those relationships I was able to bring to the Suns in ’04 and they became sponsors or marketing partners. I’ve greatly enjoyed helping to add value like bringing people like Fry’s, Leslie’s Pool Supplies, Lexus as partners, Verizon, PayPal to the Suns. I really enjoyed that role and that’s the role if I were to be part of the new group buying it, I would want to have that same role, or I wouldn’t be involved. I can help add value there, make the team better, grow revenues, give the basketball people more money to continue to have sustained success and get more players. I would not want to be the head guy like Robert was.”

Arizona Republic

Clutch Points: PayPal, a sponsor of the Phoenix Suns, released a statement on the Robert Sarver situation: "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." pic.twitter.com/JanBRkiPUq

Twitter

Gerald Bourguet: A statement from PayPal, a sponsor of the Suns, on the Robert Sarver situation. They will not be renewing their partnership when it expires: pic.twitter.com/3252QtF864

Twitter

Rev. Al Sharpton remains relentless when it comes to Phoenix Suns team owner Robert Sarver. The civil rights leader wrote PayPal president and CEO Dan Schulman, in an open letter that appeared in the Sunday edition of The Arizona Republic, demanding the billion-dollar digital payment company cease its relationship with Sarver, the majority owner of the Phoenix Suns, Phoenix Mercury and Spanish soccer club Real Club Deportivo Mallorca.

Arizona Republic

The Suns and PayPal agreed to a multi-year partnership going into the 2018-19 season. PayPal became the first jersey patch partner for the Suns. The Mercury team jerseys also include a PayPal logo.

Arizona Republic

Ty Lawson: Ummmm anybody who goes to @ChipotleTweets and send me a burrito I’ll pay them 500 thru PayPal #feign

Twitter

The Phoenix Suns have sold their jersey patch to payment processor PayPal in a deal that both team and company officials hope will make the arena more of a cashless environment.

ESPN