{"id":471392,"date":"2025-11-25T08:43:21","date_gmt":"2025-11-25T07:43:21","guid":{"rendered":"https:\/\/sportando.basketball\/?p=471392"},"modified":"2025-11-25T08:43:21","modified_gmt":"2025-11-25T07:43:21","slug":"minority-owners-sue-ishbia-claim-mismanagement-of-phoenix-suns","status":"publish","type":"post","link":"https:\/\/sportando.basketball\/en\/minority-owners-sue-ishbia-claim-mismanagement-of-phoenix-suns\/","title":{"rendered":"Minority owners sue Ishbia, claim mismanagement of Phoenix Suns"},"content":{"rendered":"<p data-start=\"1368\" data-end=\"1698\">Two <strong data-start=\"1372\" data-end=\"1404\">Phoenix Suns minority owners<\/strong>, <strong data-start=\"1406\" data-end=\"1422\">Scott Seldin<\/strong> and <strong data-start=\"1427\" data-end=\"1444\">Andy Kohlberg<\/strong>, have filed a new lawsuit against governor <strong data-start=\"1488\" data-end=\"1502\">Mat Ishbia<\/strong>, accusing him of <strong data-start=\"1520\" data-end=\"1549\">mismanaging the franchise<\/strong> and using it as his \u201c<strong data-start=\"1571\" data-end=\"1594\">personal piggy bank<\/strong>.\u201d The complaint, filed in <strong data-start=\"1621\" data-end=\"1645\">Delaware State Court<\/strong>, alleges a pattern of misconduct and self-dealing.<\/p>\n<p data-start=\"1700\" data-end=\"2044\">The owners claim Ishbia extended <strong data-start=\"1733\" data-end=\"1755\">above-market loans<\/strong>, sold <strong data-start=\"1762\" data-end=\"1785\">arena naming rights<\/strong> to his own company (<strong data-start=\"1806\" data-end=\"1835\">United Wholesale Mortgage<\/strong>), and leased the <strong data-start=\"1853\" data-end=\"1866\">Mercury\u2019s<\/strong> practice facility to himself at undisclosed rates. They also say the team has operated <strong data-start=\"1954\" data-end=\"1982\">at a net loss since 2023<\/strong>, when Ishbia purchased his <strong data-start=\"2010\" data-end=\"2041\">57% stake for $2.28 billion<\/strong>.<\/p>\n<p data-start=\"2046\" data-end=\"2249\">Ishbia dismissed the claims as a \u201c<strong data-start=\"2080\" data-end=\"2103\">shameless shakedown<\/strong>,\u201d insisting he\u2019s invested heavily to strengthen the Suns and Mercury. The team, meanwhile, fell to <strong data-start=\"2203\" data-end=\"2211\">11-7<\/strong> after Monday\u2019s loss to <strong data-start=\"2235\" data-end=\"2246\">Houston<\/strong>.<\/p>\n<p data-start=\"2251\" data-end=\"2320\" data-is-last-node=\"\" data-is-only-node=\"\">\n","protected":false},"excerpt":{"rendered":"<p>Two Phoenix Suns minority owners, Scott Seldin and Andy Kohlberg, have filed a new lawsuit against governor Mat Ishbia<\/p>\n","protected":false},"author":146,"featured_media":374015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_spbk_hide_featured":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[399],"tags":[],"rumors":[],"typology":[],"posizionamento":[],"class_list":["post-471392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nba"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/sportando.basketball\/wp-content\/uploads\/sites\/5\/2024\/02\/Phoenix-Suns.jpg","_links":{"self":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/471392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/users\/146"}],"replies":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/comments?post=471392"}],"version-history":[{"count":0,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posts\/471392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media\/374015"}],"wp:attachment":[{"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/media?parent=471392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/categories?post=471392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/tags?post=471392"},{"taxonomy":"rumors","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/rumors?post=471392"},{"taxonomy":"typology","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/typology?post=471392"},{"taxonomy":"posizionamento","embeddable":true,"href":"https:\/\/sportando.basketball\/en\/wp-json\/wp\/v2\/posizionamento?post=471392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}