Sands already has a buyer, spending record sums

a Billionaire in the Mortgage Industry He will become the new owner of the NBA’s Phoenix Suns and WNBA’s Phoenix Mercury. Matt IshbiaA former college basketball player at Michigan State University, has reached an agreement in principle to acquire both franchises in Arizona. A record price of $4 billion.

Former owner and financial entrepreneur Robert Thurber puts an end to the team’s turbulent leadership. In recent months, several scandals related to macho, racist, and abuse of power have come to light in which the president and other colleagues in his senior ranks have treated Sands employees.

Server came to the Phoenix property in 2004. paid 401 million to Jerry Colangelo, who was record-breaking at the time. A lot has happened since then, and the Sands and most of the franchises are extremely well-regarded.

“I am thrilled to be the next governor of the Sun and Mercury.” Ishbia explained through a statement. “Both teams have dynamic fan bases and I love the energy of the Valley these past few months.” Bunker is highly regarded within his circles in the league, as Adam gets along with his silver. , foreshadows acceptance of participation on the Board of the Convention.

Your brother and co-founder of Shore Capital, Justin Ishabia He also invests heavily in new facilities and serves as the franchise’s lieutenant governor. Matt Ishbia has pursued ownership of the team for years. NFL or NBAIn 2000 he was a member of the champion team huh, Spartans of Michigan.Since then, he has maintained a close relationship with Hall of Fame coach Tom Izzo, and has made donations to $32 million for college basketball programs.

“Basketball has been at the center of my life since high school until I won a national title with the honor of playing under Coach Izzo at Michigan State University,” he himself explained in a note to the media.