current location:HOME > Sports News > Basketball Hub > Text content

Mat Ishbia's purchase of Suns expected to become official in next two weeks

nqajqrqw7months ago (05-19)Basketball Hub136

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, 2023

Their 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.

Share with friends:

“Mat Ishbia's purchase of Suns expected to become official in next two weeks” ofrelated articles

Thunder sign center Bismack Biyombo for rest of season

The Oklahoma City Thunder havesigned center Bismack Biyombo to a minimum deal, according toThe Athletic’s Shams Charania.The move gives the young Thun...

Battle of the Big 3s: Clippers prevail over Suns, 138-111

In a Battle of the Big Threes,the Los Angeles Clippers prevailed over the Phoenix Suns, 138-111,in a star-studded match-up on Monday night at Crypto.c...

Clippers sign Joshua Primo on two-way deal after NBA suspends him 4 games

Former San Antonio Spursguard Joshua Primo has been suspended four games without pay for"conduct detrimental to the league," the NBA announced today.P...

Aces' Alysha Clark named WNBA Sixth Player of the Year

Aces' Alysha Clark named WNBA Sixth Player of the Year

Las Vegas Aces forward Alysha Clarkhas been named the 2023 Kia WNBA Sixth Player of the Year, the WNBAannounced today. She has earned the honor as the...

Dunleavy: Warriors are committed to keeping Draymond Green

SAN FRANCISCO(AP) — The Golden State Warriors want to keep Draymond Green, yetthe team is prepared for him to formally decline his $27.5 millionplayer...

Knicks advance to second round, down Cavs 106-95 in Game 5

CLEVELAND(AP) — Jalen Brunson scored 23 points, RJ Barrett added 21 and theNew York Knicks downed the Cleveland Cavaliers 106-95 in Game 5 onWednesday...