Nike announced Friday that it has suspended its partnership with Brooklyn Nets point guard Kyrie Irving after he promoted an antisemitic film on his social media accounts last week.

Nike said in a statement, per CNBC's Sara Eisen:

"At Nike, we believe there is no place for hate speech and we condemn any form of antisemitism. To that end, we've made the decision to suspend our relationship with Kyrie Irving effective immediately and will no longer launch the Kyrie 8. We are deeply saddened and disappointed by the situation and its impact on everyone."