Aspiration, a self-proclaimed "green bank," secured hundreds of millions in funding through celebrity endorsements and promises of carbon neutrality, only to file for bankruptcy amid federal fraud investigations. Central to this collapse is a $28 million "no-show" endorsement contract with NBA superstar Kawhi Leonard, which required no actual marketing deliverables and contained a termination clause tied specifically to his employment with the Los Angeles Clippers. This deal, facilitated by his representative, Uncle Dennis, mirrors concerns regarding salary cap circumvention by Clippers owner Steve Ballmer. Internal documents reveal that Aspiration’s business model relied heavily on fake revenue projections and that Ballmer’s $50 million investment provided the liquidity necessary to fund Leonard’s contract. Ultimately, the company’s failure to perform promised reforestation projects exposes the broader emptiness of corporate sustainability claims and the potential for illicit financial maneuvers within professional sports.
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