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: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.
Owner Robert Sarver on Wednesday announced that he has begun the process to sell both the NBA's Phoenix Suns and WNBA's Phoenix Mercury franchises.
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In the wake of a powerful backlash over what was seen as a light punishment for Suns owner Robert Sarver after nearly 18 years of racist and misogynistic behavior as a team owner, Sarver announced he was starting the process to sell the NBA’s Suns and WNBA’s Mercury.
Robert Sarver says he has started the process of selling the Phoenix Suns and Phoenix Mercury, a move that comes only eight days after he was suspended by the NBA over workplace misconduct including racist speech and hostile behaviour toward employees.
Phoenix Suns and Mercury owner Robert Sarver announced on Wednesday that he has started the process to sell both franchises.
By Ben Morse, Jacob Lev and Homero De la Fuente, CNN