NBA’s Phoenix Suns and WNBA’s Phoenix Mercury will be sold to billionaire United Wholesale Mortgage CEO Matt Ishbier, it was announced Tuesday. The deal is worth $4 billion and is pending NBA approval.
The sale effectively ends the tenure of the struggling Robert Thurber owners. Announced in September After selling shares in both Sands and Mercury, 1-year suspension from NBA Based on independent research into team work culture and server behavior.
Ishbia was part of a group that sought to acquire the Denver Broncos earlier this year. reportedly interested Also the purchase of the Washington Commanders. However, in basketball, Ishbia has a personal history. He was a walk-on with the Spartans of Michigan from his 1999 to his 2002, winning the U.S. Championship in 2000. After graduating from his School of Business at MSU, he started working at his UWM. In 2013, he was named CEO, succeeding his father Jeff Ishbia, who founded a Michigan-based mortgage company.
“I am extremely excited to be the next governor of the Phoenix Suns and Mercury.” Ishubia said in a statement. This is a dream come true for my entire family, including my parents, my three children, and my brother Justin, who has invested heavily in me and shares his exceptional business acumen and passion for basketball. We would like to thank Robert Sarver for his time and support throughout the process. I am very honored to be the incoming steward of the Phoenix Suns and Phoenix Mercury with the approval of the NBA. ”
Thurber owned Sands for 18 years and purchased the franchise in 2004 for a then-record $401 million.
November 2021, ESPN publishes survey Enter Sans’ office under server surveillance. Among the many claims Server repeatedly said the N-word and made misogynistic comments at meetings.When the league announced the server’s one-year suspension, players including LeBron James and Suns’ Chris Paul criticized for being too generous.
