Phoenix Suns ‘finalizes $4 BILLION sale to mortgage lender Mat Ishbia’ after outgoing owner Robert Sarver was handed a season-long ban and $10 million fine over racism claims
- Phoenix Suns owner Robert Sarver has reportedly sold the NBA franchise
- Billionaire mortgage lender Mat Ishbia reportedly bought the team for $4 billion
- Sarver was suspended for a year and fined $10 million for allegations of racism
- Ishbia is an ex-Michigan State walk-on, who won an NCAA title with the Spartans
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Contentious Phoenix Suns owner Robert Sarver is reportedly finalizing the sale of the team to billionaire mortgage lender Mat Ishbia for about $4 billion, according to ESPN’s Adrian Wojnarowski. Ishbia is an ex-Michigan State walk-on, who won an NCAA title with the Spartans in 2000 before becoming president and CEO of United Wholesale Mortgage.
The Suns have yet to confirm the sale, though it was expected after Sarver’s ongoing one-year NBA-imposed suspension for racism allegations. He was also fined $10 million by the league.
Sarver announced his plan to sell the club and the WNBA’s Mercury shortly after the NBA investigation revealed he had used the N-word around employees, bullied workers, and committed several other misogynistic acts. In one case, Sarver is accused of asking a pregnant employee if she could return to work after giving birth.
Embattled Phoenix Suns owner Robert Sarver has reportedly sold the NBA franchise to billionaire mortgage lender Mat Ishbia for about $4 billion, according to ESPN’s Adrian Wojnarowski
Ishbia is an ex-Michigan State walk-on, who won an NCAA title with the Spartans in 2000 before becoming president and CEO of United Wholesale Mortgage
