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Billionaire Ishbia to buy NBA's Phoenix Suns for $4 billion - ESPN

Reuters
View as the Phoenix Suns play against the Milwaukee Bucks
View as the Phoenix Suns play against the Milwaukee BucksReuters
Billionaire Mat Ishbia will buy the National Basketball Association's (NBA) Phoenix Suns and women's team the Phoenix Mercury for $4 billion, ESPN reported on Tuesday.

The deal would set a record in the league after Joe Tsai bought the remaining stake in the Brooklyn Nets in 2019 in a deal that valued the team at $2.35 billion.

The Suns did not immediately respond to a request for comment.

Owner Robert Sarver announced plans to sell the team in September after the NBA handed him a one-year suspension following an investigation into allegations of workplace misconduct.

American Ishbia is president and CEO of United Wholesale Mortgage in Michigan.