For the previous 10 months, our group has absolutely cooperated with an NBA investigation, collaborating in dozens of interviews, offering tens of hundreds of paperwork, and facilitating entry to our workers. Whereas the method has been difficult, we now have remained dedicated to transparency.
On June 30, we reached an settlement in precept to commerce Kawhi Leonard to the Toronto Raptors. We have now since been knowledgeable that the commerce can solely be finalized if the Raptors’ possession group assumes the danger of penalties associated to Kawhi’s contract that might theoretically end result from the continued investigation. The investigation is ongoing, and we count on the commerce to be finalized following its conclusion.
On the coronary heart of this investigation are Joe Sanberg and Aspiration. We didn’t funnel cash to Kawhi Leonard by way of Aspiration. Like many refined traders, monetary establishments, and enterprise companions, we had been victims of a fraud initiated by Sanberg, who has been convicted and sentenced to 14 years in jail.
We acknowledge the uncertainty this has created and the impression it has had on our staff, our followers, the Raptors group, their followers, and the gamers whose futures stay affected whereas this course of continues.
We stay assured that, when the details are evaluated pretty and completely, the NBA will affirm precisely what we now have mentioned from the start: We have now not executed what we’re accused of doing.
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