Kyrie Irving's relationship with Nike is "likely over," says Phil Knight, co-founder and chairman of the manufacturing conglomerate.

In an interview with CNBC, the billionaire commented on Irving's future with the Swoosh, saying, "I would doubt that we go back. But, I don't know for sure."

"Kyrie stepped over the line. It's kind of that simple. He made some statements that we just can't abide by, and that's why we ended the relationship. And, I was fine with that."

As we reported on Friday, the shoe giant announced it was suspending its relationship with the Nets' superstar point guard after he refused to apologize for tweeting a link to a controversial film containing antisemitic messaging.