Robert Sarver is in Big Trouble (ANNOUNCES SALE PROCESS)

[Ouchie-Z-Clown]

I think the longer he waits the worse it's going to look for him but I'm not sure he respects anyone enough to listen to that warning.

Agree on both parts. If he just cashed out right now he becomes wealthy beyond imagination and this all fades into the ether. People eventually forget who he is. He doesn’t, more and more tweets wil contain his name in a negative light, the franchise will devalue a bit, he becomes a VERY public enemy #1. More dirt will come out on him.

He’s not evolved enough to recognize all that imo. Very wealthy people have won all their life. They don’t tend to recognize when they hold a losing hand. And they tend to do damage to everyone and everything around them. I won’t be surprised if he takes down several peoples’ careers with him throughout this.

 

[ASUCHRIS]

He’ll always be The Godfather but you gotta think Sarver’s reputation was known in those circles being an UA/west coast guy making his fortune around that time. I believe Bryan stayed on for a couple years so the family knew he was a jackass. Gotta be some massive regret by Jerry.

Who knows what is going on in his head these days

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RIP Super Dave! Absolute legend.

 

[Mainstreet]

Losing PayPal as a sponsor would be a huge blow to current Suns ownership. And more sponsors are likely to follow.

 

[Mainstreet]

There is also a statement from Kia.

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[SirStefan32]

This is a good sign. I am not convinced the sponsors won't be able to be replaced, but it's definitely a good sign and a step in the right direction.

EDIT: Just saw the statement from KIA, which is what I was worried about. "Yeah, this is awful, but we look forward to continuing to support the team and the league."

 

[AzStevenCal]

Yeah, but the "after" was my issue even though I realize they might not be up for renewal until after he returns. I just think a clearer message would have been better, if they are waiting because the renewal comes after his return, say that explicitly. And if they are simply giving the organization a year to do the right thing, say that instead. JMO. Regardless, I applaud them for taking a stand.

Edit: I just read the entire article, instead of just the blurb about not supporting the Suns after Sarver returns and they did a much better job of making their case than I credited them for.

 

[Mainstreet]

In regard to PayPal, here is a quote concerning their position. Their sponsorship expires at the end of this coming season.


By Arizona Sports:

“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.”

PayPal, Suns' jersey patch sponsor, won't renew if Robert Sarver remains

Financial service company PayPal said it will not renew its sponsorship with the Phoenix Suns if owner Robert Sarver remains in place.

arizonasports.com

 

[overseascardfan]

Question now is what happens if Sarver is out? Does existing ownership group look for a majority owner, pony up more cash themselves to increase their shares of organization or sell to new owner?

 

[Fumats20]

I get what you're saying but due to when Booker signed his extension, he literally can not be traded for 2 more seasons because of how many years he's under contract for. No player can be traded with more than 4 years of time remaining and Booker is under contract for the next 6 seasons. He had 2 remaining on his current deal and signed a new 4 year super max deal. That means he has no leverage at all since he can't be traded until 2024 at the earliest. So his contract can't just be traded.

So Booker contract signing is no way saying Sarver is all good with him....even if he knew at the time he signed.

 

[Covert Rain]

PayPal took a principled stand while Kia whiffed. This might be a snowball soon!

 

[Mainstreet]

Question now is what happens if Sarver is out? Does existing ownership group look for a majority owner, pony up more cash themselves to increase their shares of organization or sell to new owner?

Only a guess, but if Jahm Najafi doesn't want to become the managing partner, the Suns will look for an outside buyer.

I'm sure there are a lot of outside buyers that could purchase more than 35% of the team (which Sarver owns) if I have the percentage right.

 

[Cheesebeef]

There is also a statement from Kia.

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So KIA is a bunch of cowards. Got it.

 

[Fumats20]

Money rules everything.

C.R.E.A.M.

Cash Rules Everything Around Me.

 

[Cheesebeef]

This is a good sign. I am not convinced the sponsors won't be able to be replaced, but it's definitely a good sign and a step in the right direction.

EDIT: Just saw the statement from KIA, which is what I was worried about. "Yeah, this is awful, but we look forward to continuing to support the team and the league."

we have to hope that Kia takes a ton of crap now too. Paypal led the way. Others not following sucks.

 

[Western Font]

I don’t think it will be hard to find a majority partner for an NBA team considering how franchise sales have gone over the past decade.

 

[Superbone]

PayPal took a principled stand while Kia whiffed. This might be a snowball soon!

Kia shouldn't have said anything if that's what they were going to say. But I understand as they sponsor the entire NBA, not just the Suns.

 

[Covert Rain]

we have to hope that Kia takes a ton of crap now too. Paypal led the way. Others not following sucks.

This. I already blasted them on Twitter. I hope fans give them crap.

 

[Cheesebeef]

Kia shouldn't have said anything if they were going to say that. But I understand as they sponsor the entire NBA, not just the Suns.

Exactly. That statement was embarrassing.

 

[Covert Rain]

Exactly. That statement was embarrassing.

Kia is a joke. They piggybacked off the failed NBA response because it was an out for them. I will never sniff a KIA.

 

[Chaplin]

Kia is a joke. They piggybacked off the failed NBA response because it was an out for them. I will never sniff a KIA.

Curious what you think they should have done. They certainly have a much larger financial stake in the NBA than Paypal does. I'm not sure denigrating the NBA makes good financial sense for them. Rightly or wrongly.

More important are going to be companies like Paypal that the Suns have a vested interest in keeping a good relationship with. Local businesses and sponsors like Paypal that are specific to the Suns, those are the the more important ones.

 

[Bufalay]

I don't think Sarver is going anywhere.

 

[Cheesebeef]

Curious what you think they should have done. They certainly have a much larger financial stake in the NBA than Paypal does. I'm not sure denigrating the NBA makes good financial sense for them. Rightly or wrongly.

More important are going to be companies like Paypal that the Suns have a vested interest in keeping a good relationship with. Local businesses and sponsors like Paypal that are specific to the Suns, those are the the more important ones.

PayPal is a nationwide brand. A huge one. They’re not specific to the Suns.

 

[Chaplin]

PayPal is a nationwide brand. A huge one. They’re not specific to the Suns.

But their business in this instance is with the Suns, not the NBA.

Please don't insult me by insinuating I don't know that Paypal is nationwide. Come on.

 

[SirStefan32]

PayPal took a principled stand while Kia whiffed. This might be a snowball soon!

Eh, maybe. It could be nothing more than a PR thing. They might not want to renew anyway, or they want to renegotiate a deal.

 

[TJ]

C.R.E.A.M.

Cash Rules Everything Around Me.

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