The sale would be the highest amount an NBA team has ever sold for, surpassing the $2.35 billion sale of the Brooklyn Nets in 2019.
The NBA’s Phoenix Suns franchise will be sold to Mat Ishbia, billionaire CEO of the Michigan-based United Wholesale Mortgage UWMC, for around $4 billion, according to a report from ESPN’s Adrian Wojnarowski.
Here... The NBA’s Phoenix Suns franchise will be sold to Mat Ishbia, billionaire CEO of the Michigan-based United Wholesale Mortgage UWMC , for around $4 billion, according to a report from ESPN’s Adrian Wojnarowski. Here are the top five most expensive sports franchise sales in the U.S., assuming the Suns will sell for the reported price:
Current Suns owner Robert Sarver put his teams, the NBA’s Phoenix Suns and the WNBA’s Phoenix Mercury, on the market after an investigation found evidence of a racially and sexually insensitive workplace. The $4 billion reported sale also includes the Phoenix Mercury, The Athletic reported.
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Report: Mat Ishbia finalizing deal to purchase Phoenix Suns from Robert SarverMat Ishbia, the former Michigan State University guard turned billionaire executive, is finalizing a purchase of the Phoenix Suns from embattled owner Robert Sarver, according to ESPN's Adrian Wojnarowski.
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