They now can assume those roles just days before Thursday’s NBA trade deadline, and with the Suns squarely in the middle of the Western Conference playoff race. Mat Ishbia will be the Suns’ governor, Justin Ishbia will be alternate governor. Phoenix Suns guard Chris Paul (3) defends Detroit Pistons guard Jaden Ivey (23) in the second half of an NBA basketball game in Detroit, Saturday, Feb. Ishbia and his brother Justin said then that they would be acquiring more than 50% of the franchises, which includes the entirety of the embattled Sarver’s share as well as some holdings from minority partners.
20 to the deal, one that put the total value of the Suns and Mercury at $4 billion. The vote was 29-0, with the Cleveland Cavaliers abstaining, according to a person who spoke to The Associated Press on condition of anonymity because the final decision had not yet been announced publicly. The league announced the approval Monday night, saying the transaction will be finalized later this week.
PHOENIX (AP) - Mortgage executive and former Michigan State guard Mat Ishbia is the new majority owner of the Phoenix Suns and WNBA’s Phoenix Mercury, after the NBA’s board of governors approved his plan to purchase the controlling stake of those franchises from Robert Sarver.
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