Robert Sarver Hires Investment Bank To Oversee Sale Of Suns

Robert Sarver has chosen Moelis & Company to oversee the sale of the Phoenix Suns.The previous high for an NBA franchise came when Joe Tsai bought the Brooklyn Nets for $2.35 billion in 2019.

Moelis served as a financial adviser in the May 2022 sale of Chelsea Football Club to a consortium led by Todd Boehly and Clearlake Capital, which bought the team for $5.3 billion. Moelis also acted as a financial adviser in the 2015 sale of the Atlanta Hawks to a group led by Tony Ressler for $850 million.

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