Billionaire Mat Ishbia Is Reportedly Buying the Phoenix Suns

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Billionaire Mat Ishbia Is Reportedly Buying the Phoenix Suns

Chicago Bulls

According to ESPN’s Adrian Wojnarowski, the Phoenix Suns have a buyer.

Mat Ishbia, the billionaire President and CEO of United Wholesale Mortgage, is reportedly in the final stages of purchasing the NBA franchise. The price range is near $4 billion.

Once the papers are signed, this will put an official end to one of the NBA’s most toxic situations. Current Suns owner Robert Sarver was recently handed a year-long suspension by the NBA and fined a maximum $10 million after an investigation found multiple violations of the league’s workplace standards. This included the use of racially insensitive language, inappropriate sexual comments, and bullying.

While the league didn’t force Sarver to sell as some hoped, the backlash was enough to push the owner in that direction. Now, the NBA is on the brink of adding a new governor into the mix, which is surely significant news for one of the league’s most currently successful franchises.

Author: Elias Schuster

Elias Schuster is the Lead Bulls Writer at Bleacher Nation. You can follow him on Twitter @Schuster_Elias.