Robert Sarver is reportedly finalizing a deal to sell the Phoenix Suns to billionaire mortgage lender Mat Ishbia, according to NBA insider Adrian Wojnarowski.
BREAKING: Billionaire mortgage lender Mat Ishbia is finalizing a purchase of the Phoenix Suns, sources tell ESPN. The deal, expected to be completed in the near future, would end the tumultuous tenure of owner Robert Sarver.
— Adrian Wojnarowski (@wojespn) December 20, 2022
The deal is reportedly worth $4 billion per Woj.
ESPN Sources: Ishbia’s purchase price is in the neighborhood of $4 billion. https://t.co/HzH2XSspHp
— Adrian Wojnarowski (@wojespn) December 20, 2022
Sarver has been looking to sell the Suns since he was suspended for a year and fined due to the League investigating allegations of a hostile workplace within the Phoenix front office. The fine and suspension were met with many mixed emotions from players, the players union, and even a chairman of the Suns’ ownership group.
Ultimately, Sarver’s decision to sell won’t go down as infamously as Donald Sterlings’ ouster, but it does clarify that the NBA won’t stand down to allegations of racism and allegations within franchise front offices in the League.
REPORT: Robert Sarver Set to Sale Suns to Billionaire Mat Ishbia SLAM.
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