Phoenix Suns majority owner Robert Sarver will be retiring as executive chairman from Western Alliance Bancorporation in June, ending a two-decade tenure with the nearly $56 billion asset company. The company’s recent announcement of Sarver’s impending departure comes amid the NBA’s investigation into the Suns and Sarver, which the league launched in early November 2021 after ESPN published a story detailing allegations of racism and misogyny in a sometimes hostile and toxic workplace during Sarver’s 17-year tenure as majority owner. Sarver has denied allegations in ESPN’s story.