Wow.
According to The Athletic’s Shams Charania, the Phoenix Suns will soon have a new owner. Billionaire Mat Ishbia will purchase the Suns and Mercury for a blow-them-all-away record $4 billion(ish?) dollars. That’s almost twice what Steve Ballmer paid for the Clippers a few years ago, and a lot more than Joe Tsai paid for the Brooklyn Nets ($2.35B).
Sources: Billionaire Mat Ishbia is purchasing the Phoenix Suns and Mercury for $4 billion. Robert Sarver has agreed in principle to sell. Ishbia was a national champion on Michigan State‘s basketball team in 2000.