Mat Ishbia Agrees to Suns Purchase for Record $4 Billion
Billionaire mortgage lender Mat Ishbia has agreed to purchase the majority stake of the Phoenix Suns and the WNBA’s Mercury for a record price of $4 billion, Ishbia and current owner Robert Sarver announced on Tuesday. The deal will end Sarver’s tumultuous tenure. Ishbia is well-known and well-regarded within the league office, including with commissioner…