The Phoenix Suns apparently have a new majority shareholder on the way, ending the disastrous reign of Robert Sarver after the league all but pushed him out following an investigation into toxic workplace culture.
According to ESPN’s Adrian Wojnarowski, Mat Ishbia, a 42-year-old billionaire from Michigan, has reached an agreement to purchase Sarver’s stake in both the Suns and WNBA’s Phoenix Mercury and assume the role of team chairman.
Wojnarowski noted the deal will cost Ishbia around $4 billion.
So who is this guy? And why would he be interested in the Suns?
Here are a few quick, basic facts we know about him that you can use to look smart later on.
ESPN Sources: Ishbia's purchase price is in the neighborhood of $4 billion. https://t.co/HzH2XSspHp
— Adrian Wojnarowski (@wojespn) December 20, 2022