Phoenix Suns sale: Mat Ishbia to purchase NBA franchise and WNBA’s Mercury for $4 billion, per reports

December 20, 2022

The NBA’s Phoenix Suns and WNBA’s Phoenix Mercury are being sold to Mat Ishbia, the billionaire CEO of United Wholesale Mortgage. The purchase price will be $4 billion, and the deal is pending NBA approval.

The sale effectively ends the tenure of embattled owner Robert Sarver, who announced in September that he would sell his stake in both the Suns and the Mercury after being suspended for one year by the NBA due to the findings of an independent investigation into the teams’ workplace culture and Sarver’s conduct. CBS Sports