Following last week's suspension of Brooklyn Nets guard Kyrie Irving for sharing an antisemitic film on social media, Nike suspended its relationship with the seven-time All-Star. 

"At Nike, we believe there is no place for hate speech, and we condemn any form of antisemitism …" Nike said in a statement Friday. "We are deeply saddened and disappointed by the situation and its impact on everyone."

Kyrie Irving plays against the Mavericks

Kyrie Irving, #11 of the Brooklyn Nets, dribbles the ball during the game against the Dallas Mavericks on Oct. 27, 2022 at Barclays Center in Brooklyn, New York.  (Jesse D. Garrabrant/NBAE via Getty Images)

On Thursday, Nike co-founder Phil Knight made his first statements since the suspension of the relationship was announced. 

ADAM SILVER SAYS KYRIE IRVING IS ‘NO DOUBT’ NO ANTISEMITIC: REPORT

"Kyrie stepped over the line," Knight told CNBC in an interview. "It’s kind of that simple. So, he made some statement that we can’t abide by and that’s why we ended the relationship. And I was fine with that." 

"I would doubt that we would go back, but I don’t know for sure," Knight added when asked if Nike would ever reconsider ending its relationship with Irving. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Jaylen Brown a game against the Chicago Bulls

Jaylen Brown, #7 of the Boston Celtics, is introduced before the game against the Chicago Bulls on Nov. 4 2022 at the TD Garden in Boston. (Brian Babineau/NBAE via Getty Images)

Knight’s comments on the matter did not sit well with Boston Celtics All-Star Jaylen Brown, who ripped Nike in a single tweet on Thursday. 

"Since when did Nike care about ethics?" Brown posted to his Twitter page. 

Brown is not the first player to seemingly come out in defense of Irving. 

On Thursday, Los Angeles Lakers star LeBron James took to social media to call for the end of Irving’s suspension. 

CLICK HERE TO GET THE FOX NEWS APP

"I told you guys that I don’t believe in sharing hurtful information. And I’ll continue to be that way but Kyrie apologized and he should be able to play. That’s what I think. It’s that simple," James tweeted on Thursday afternoon. "Help him learn- but he should be playing. What he’s asked to do to get back on the floor I think is excessive IMO. He’s not the person that’s being portrayed of him. Anyways back to my rehab session."

Kyrie Irving on bench

Kyrie Irving, #11 of the Brooklyn Nets, sits on the bench during a timeout in the fourth quarter of the game against Chicago Bulls at Barclays Center on Nov. 1, 2022 in New York City. (Dustin Satloff/Getty Images)

Irving was suspended by the organization last Thursday for "no less than five games," which means Irving could be eligible to return Sunday, Nov. 13 against the Lakers

Fox News' Ryan Morik contributed to this report