NBA approves sale of Phoenix Suns, Mercury to Mat Ishbia

Published February 6, 2023 9:20 PM

By DAVID BRANDT and TIM REYNOLDS
AP Sports Writers

PHOENIX (AP) — Mortgage executive and former Michigan State guard Mat Ishbia is approved to become the new majority owner of the Phoenix Suns and WNBA’s Phoenix Mercury. The NBA’s board of governors approved his plan to purchase the controlling stake of those franchises from Robert Sarver. The vote was 29-0, with the Cleveland Cavaliers abstaining, according to a person who spoke to The Associated Press on condition of anonymity because the vote had not yet been announced publicly. Ishbia agreed on Dec. 20 to the deal, one that put the total value of the Suns and Mercury at $4 billion.

Article Topic Follows: AP National Sports

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.