Suns and Mercury owner Robert Sarver plans to keep his ownership stake in Spanish soccer club Mallorca, according to Sportico.
Sarver purchased the team with longtime friend and business partner Andy Kohlberg, and other investors that include Nets coach Steve Nash, for $23 million in 2016.
Kohlberg, who is the current president of the club, released a statement in support of Sarver on Friday.
“As President of Real Mallorca, I can assure all our stakeholders that the club has always been run in a professional manner, respecting the rights of all stakeholders regardless of gender, race, sexual orientation, economic or religious origins,” Kohlberg began.