The investigation surrounding Kawhi Leonard and his reported ties to Daktronics has taken one other important flip, with the Securities and Change Fee now searching for info from the corporate.
Journalist Pablo Torre reported Wednesday that the SEC has opened an investigation involving Daktronics and Leonard. The event comes whereas the NBA is already requesting info related to the Los Angeles Clippers.
“The Securities and Change Fee is searching for info from us in regards to the firm and [Kawhi] Leonard. We take these requests significantly and are cooperating,” Daktronics’ CFO mentioned in the course of the firm’s earnings name.
Leonard’s relationship with Daktronics has attracted scrutiny as a result of the corporate put in the huge double-sided 4K “Halo Board” contained in the Clippers’ Intuit Dome.
Leonard reportedly served as a spokesperson for the corporate regardless of Daktronics historically specializing in business-to-business promoting reasonably than celeb endorsements.
Torre has beforehand reported allegations that the association was utilized by the Clippers to supply Leonard extra compensation outdoors his NBA contract and circumvent salary-cap guidelines. These allegations stay below investigation.
The NBA has already been analyzing the state of affairs and gathering info associated to the Clippers. The SEC’s involvement now provides one other layer to the continuing matter.
There’s presently no clear timeline for when both investigation shall be accomplished. The NBA inquiry was already anticipated to doubtlessly stretch into 2027, and the extra SEC scrutiny may additional lengthen the method.
