Associated Press
PHOENIX – Mortgage executive and former Michigan State basketball guard Mat Ishbia is the new majority owner of the Phoenix Suns and WNBA’s Phoenix Mercury, after the NBA’s board of governors approved his plan to purchase the controlling stake of those franchises from Robert Sarver, a person with knowledge of the matter said Monday night.
The vote was 29-0, with the Cleveland Cavaliers, owned by fellow MSU alum and rival mortgage magnate Dan Gilbert, abstaining, according to a person who spoke to The Associated Press on condition of anonymity because the final decision had not yet been announced publicly.