NBA: Report: Sale of Suns, Mercury nears completion

Date:

Share post:


The sale of the majority interest in the Phoenix Suns and WNBA’s Mercury to billionaire Mat Ishbia is expected to be finalized before the Feb. 9 NBA trade deadline, ESPN reported Wednesday.

The $4 billion transaction is expected to be ratified by the NBA’s board of governors early next month, per the report.

Ishbia, who made his money in mortgage lending, will take over as majority owner from Robert Sarver, who was suspended by the league last September for one year and fined $10 million. An independent investigation into allegations he created a toxic work environment in Phoenix was conducted. A summary report said he used a racial slur at least five times, sexually harassed female employees, and yelled and cursed at workers during nearly two decades of ownership.

The ESPN report said Ishbia is expected to be a “hands-on owner” when it comes to basketball operations and building the roster.

Ishbia, who was a walk-on player on Michigan State’s 2000 national championship team, attended the Suns home game Friday — sitting courtside — for the first time since agreeing in December to buy the franchise.

“I think it’s great for the team, the organization and the community to have someone like Mat in place,” Suns coach Monty Williams told reporters. “To have him courtside probably allows for everybody to finally put a face to everything that’s been talked about and what hasn’t happened officially, but it kind of lets everybody know this is our guy.”

–Field Level Media

spot_img

Related articles

NCAAB: No. 24 Florida stacks up with Vandy with Jerry Stackhouse fighting for job

No. 24 Florida continues pushing for a top four finish in the Southeastern Conference when the Gators roll...

NCAAB: Out of first place in Pac-12, No. 4 Arizona welcomes Washington

No. 4 Arizona, coming off its first home loss of the season, hosts Washington on Saturday in Tucson...

NCAAB: No. 20 South Carolina looks to halt skid in meeting vs. Ole Miss

No. 20 South Carolina has had nearly a full week to reflect after suffering its first consecutive losses...

NCAAB: No. 13 Alabama braces for showdown vs. No. 17 Kentucky

No. 13 Alabama will aim to protect its first-place lead in the Southeastern Conference when it faces No....

FREE

Get the most important breaking news and analyses for Free.

Thank you for subscribing

Something went wrong.