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Venture Capitalist, Mark Stevens Faces Fine Of $500,000 And Ban From NBA Games

A major venture capitalists and the owner of Golden State Warriors was a part of the court drama at the night of Wednesday NBA Finals with Toronto Raptors. Mark Stevens, the former managing partner of Sequoia Capital, was the one who pushed Kyle Lowry, Raptors player during game.

Stevens was sent out from courtside seat after he pushed Lowry after he crashed into seats nearby while he tried to not to allow a ball from getting out of boundary in Game 3. Raptors were the winners of the game leading the game series by 2-1.

The NBA and Warriors said on Thursday that they have banned Stevens from all tea activities and games for a year that would be put into effect immediately and also that they have fined him $500,000.

Warrior had put out in a statement that last night Steven’s behavior was not of high standards that they as an organization hope to put out as an example. It added that they are extremely disappointed by his actions and they with Stevens offer their sincere apology to Toronto Raptors and Kyle Lowry for this misconduct.

Mike Bass, the executive vice president of NBA’s communications said that a person representing a team must be to the highest standard and that Mark Stevens’ conduct the previous night was unacceptable and do not have any place in their league. He added that as they are reviewing the matter, Stevens would not be allowed to take part in any NBA games.

The Association of National Basketball Players tweeted that it is very closely monitoring the Warriors and Leagues’ investigation and is anxiously awaiting the response and conclusions. Stevens; online profile says that he is the managing partner of S-Cubed Capital, which is the office of his  family, and is also the executive member of the Warriors.

Stevens is also the board member of Nvidia, the chip company.

Charles Parrish
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Sr. Content Editor & Writer At Business Global 24

Charles is an ideal match to guide the Science domain as he holds a degree in Cosmology and an experience of 5 years. With a few interns by his side, Charles handles the entire department, making certain that the users do not miss any essential facts. In his free time, you will be not surprised to see him stuck to the TV and binge watching National Geographic.

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