"LA Clippers owner Steve Ballmer and the team are under investigation by the NBA following a report that Kawhi Leonard allegedly accepted a $28 million endorsement from a company called Aspiration as a way to circumvent the league's salary cap. Ballmer, who had previously invested $50 million in Aspiration, has denied he had knowledge of the deal or that he directed the company to strike one."
"Harvard alumni Joe Sanberg, an entrepreneur, and Andrei Cherny, a lawyer who worked as a speechwriter for the Clinton administration, co-founded Aspiration Partners in 2013. The company's mission was to provide "socially-conscious and sustainable banking services and investment products," according to their archived website from 2019. Their slogan: "Do Well. Do Good." Sanberg served on Aspiration's board of directors and held about 30% of its shares as of September 2021, according to court filings. He was also an early investor in start-ups including Blue Apron. Cherny was Aspiration's chief executive officer for nearly a decade."
The NBA is investigating Steve Ballmer and the LA Clippers after reports that Kawhi Leonard allegedly accepted a $28 million endorsement from Aspiration to circumvent the league salary cap. Ballmer previously invested $50 million in Aspiration and has denied knowledge or direction of the deal. Aspiration Partners was co-founded in 2013 by Joe Sanberg and Andrei Cherny and marketed socially conscious banking and fossil-fuel-free investment products under the slogan "Do Well. Do Good." The company offered savings accounts, debit cards with selective cash back, round-up tree planting and fossil fuel–free funds, and Sanberg held about 30% of shares as of September 2021.
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