Matt Ishbia Agrees To Buy Sun For Record $4 Billion
Billionaire mortgage lender Matt Ishbia has agreed to buy
a majority stake in the WNBA's Phoenix Suns
and Mercury for a record price of $4 billion, Ishbia and current
owner Robert Sarver announced Tuesday.
The Deal Will Bring An End To Sarwar's Tumultuous Tenure.
Ishbia is well known and respected in the league's front
office, including commissioner Adam Silver, and has developed
relationships with several NBA owners. Sources said he would have to
go through a background check and an approval vote
from the board of governors, but it is expected to be a formality.