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NEW YORK: Mortgage executive Mat Ishbia has agreed in principle to buy a majority stake of the Phoenix Suns and Phoenix Mercury from the embattled owner Robert Sarver for $4 billion, the sides announced Tuesday.
:United Wholesale Mortgage President and CEO Mat Ishbia and his brother Justin have agreed to buy a majority stake in the NBA's Phoenix Suns and associated women's team Phoenix Mercury, in a deal that values the franchises at a record $4 billion.
Billionaire Mat Ishbia will buy the National Basketball Association's (NBA) Phoenix Suns and women's team the Phoenix Mercury for US$4 billion, ESPN reported on Tuesday.
Billionaire Mat Ishbia will buy the National Basketball Association's (NBA) Phoenix Suns and women's team the Phoenix Mercury for $4 billion, ESPN reported on Tuesday.