JUST IN: Mortgage executive Mat Ishbia is the new majority owner of the Phoenix Suns and Mercury, after the NBA's board of governors approved his plan to purchase the controlling stake of those franchises from Robert Sarver Monday night. abc15
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, a person with knowledge of the matter said Monday night.
The sale was finalized hours after Jason Rowley — who was the Suns president and CEO — decided to leave the team in anticipation of the leadership changes, a person familiar with the matter told The Associated Press. The person, speaking on condition of anonymity because Rowley's resignation was not shared outside of the organization, said Rowley's departure was"shared internally" within the Suns organization on Monday.
Ishbia played at Michigan State under coach Tom Izzo and was a member of the Spartans' NCAA championship team in 2000.
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