Mat Ishbia's purchase of Suns expected to become official in next two weeks
ESPN's Adrian Wojnarowsji and BaxterHolmes report that billionaire mortgage lender Mat Ishbia's purchase of a majoritystake in the Phoenix Suns and Mercury at a $4B valuation isexpected to become official in next two weeks. That would be inadvance of the Feb. 9 NBA trade deadline.
ESPN Reporting with @Baxter:Billionaire mortgage lender Mat Ishbia's purchase of a majoritystake in the Phoenix Suns and Mercury at a $4B valuation isexpected to become official in next two weeks - w/ Ishbia assumingcontrol prior to the Feb. 9 NBA trade deadline. Story soon.
— Adrian Wojnarowski (@wojespn) January 25, 2023Their reporting goes on to say that Ishbia is "eager to starthis involvement with basketball operations, and expected to be ahands-on owner in matters of team building". One of his firstorders of business regarding the roster will like be dealing withJae Crowder who has been sitting out the final year of his season.The veteran is set to make $10.2M.
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