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Mat Ishbia closes $4 billion acquisition of Phoenix Suns, Phoenix Mercury - Phoenix Business Journal

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Ishbia is now the youngest controlling owner of any NBA team. phoenix Suns phoenixsuns phoenixmercury

in the NBA’s Suns franchise and the WNBA’s Mercury team.

Ishbia also is now the majority owner of the entity that operates the Footprint Center and all other affiliated entities around the Suns. Ishbia will serve in the role of governor of the Suns and Mercury and will represent the team during ownerships meetings with the NBA and WNBA., the CEO and founder of Shore Capital Partners, became the second largest shareholder of the team.

“In recognition of our enthusiasm for Mat, as the new steward of the Phoenix Suns and Mercury, Cheryl and I have decided to maintain all of our family’s investment in the team and to support fully Mat’s commitment to a positive workplace environment, social justice and dignity for all employees and players," Najafi said in a statement."I personally look forward to working with him and am honored to continue as Vice Chairman and Alternate on the NBA Board of Governors.

 

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Phoenix Suns President Jason Rowley steps down, per report - Phoenix Business JournalPhoenix Suns president and CEO Jason Rowley has resigned just ahead of the expected introduction of new team owner Mat Ishbia, according to a report from ESPN.
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