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Mat Ishbia Finalizing Deal To Purchase Phoenix Suns/Mercury From Robert Sarver



Billionaire mortgage lender Mat Ishbia is finalizing a purchase of the Phoenix Suns and the WNBA’s Mercury for a record price of $4 billion, sources told ESPN on Tuesday. Here are my quick thoughts.

The deal, expected to be announced as soon as Tuesday, will end the tumultuous tenure of owner Robert Sarver.

Source: https://www.espn.com/nba/story/_/id/35292815/sources-mat-ishbia-finalizing-suns-purchase-4-billion

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11 Comments

  1. "This is not that complicated get the best people to join your team, right just like in sports…train them, coach them to be the best version of themselves…and then treat them so well that they don't ever want to leave." -Mat Ishbia

  2. It's pretty huge that he was a former player at a high level (that won the NCAA tournament in 2000). I just hope he and his brother arent blowing all their cash with his (4.7 bill net worth) and become super stingy like Sarver. I think he knows this is an opportunity of a lifetime and he has to make a move now especially with Phoenix on the rise and rise!! He gets a 60% stake apposed to Sarver's 35%. Keep my seat warm Matt I'll buy-in later πŸ‘ŒπŸ™Œ. Being the biggest mortgage lender in US I think this will be ok

  3. its great that he has a basketball backround so he will understand players and thats not common to have an owner who played the sport

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