Phoenix Suns and Mercury sold for record figure of $4B
Billionaire mortgage lender – and former Michigan State walk-on in 2000 – Mat Ishbia is set to become the new owner of the franchise
Billionaire mortgage lender Mat Ishbia is finalizing a purchase – in the neighborhood of $4b – of the Phoenix Suns and the Phoenix Mercury, sources tell ESPN’s Adrian Wojnarowski. The deal, expected to be completed in the near future, would end the tumultuous tenure of owner Robert Sarver.