DeSantis Not Happy With NBA Players Association's Callout On Political Donation: 'It Appears The NBA Took A Break From Protesting Our Anthem'
Portfolio Pulse from Chris Katje
The NBA's Orlando Magic made a donation to the Never Back Down PAC, affiliated with Florida Governor Ron DeSantis, drawing attention from the National Basketball Players Association. The donation was made on behalf of the team, not the team's owners, which the association found alarming. The Magic are owned by the DeVos family, with Betsy DeVos, former secretary of education appointed by President Donald Trump, married to co-owner Dick DeVos. The Walt Disney Company (NYSE:DIS), an NBA media rights partner, has an ongoing feud with DeSantis.
August 05, 2023 | 5:30 pm
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NEUTRAL IMPACT
The Walt Disney Company, an NBA media rights partner, has an ongoing feud with Florida Governor Ron DeSantis. The company's relationship with the NBA and its stance on political issues could potentially impact its public image and investor sentiment.
The news about the Orlando Magic's donation to a PAC affiliated with DeSantis, with whom Disney has a feud, could potentially affect Disney's public image and investor sentiment. However, the direct impact on Disney's stock price is uncertain as it depends on how investors perceive the company's stance on political issues and its relationship with the NBA.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50