Nike relationship with Nets star guard likely over, Phil Knight says

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The relationship between Brooklyn Nets guard Kyrie Irving and Nike is likely severed for good, the shoe giant's co-founder told CNBC.

"I would doubt that we go back," co-founder Phil Knight said in an interview that aired Thursday. "But I don't know for sure."

Nike announced last Friday that it has "suspended" its relationship with Irving and canceled its plans to release his next signature shoe, part of the massive fallout that followed his tweeting a link to a film containing antisemitic material.