Mortgage executive Mat Ishbia has agreed in principle to buy the Phoenix Suns and Phoenix Mercury from the embattled owner Robert Sarver for $4 billion, a person with knowledge of the negotiations told The Associated Press on Tuesday. It is the first step in a process that is expected to take several weeks to complete,…
Owner of NBA’s Phoenix Suns Announces Plans to Sell Team
Phoenix Suns owner Robert Sarver on Wednesday said he is seeking buyers for the team a week after being suspended for a year and fined $10 million by the National Basketball Association (NBA) following an investigation into allegations of workplace misconduct. An independent investigation found that Sarver, who bought the Suns and the WNBA’s Phoenix…
Phoenix Suns Owner Suspended, Fined $10 Million After Conduct ‘Clearly Violated’ Workplace Standards
September 14, 2022
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The NBA has suspended Robert Sarver, the owner of the Phoenix Suns and the WNBA’s Phoenix Mercury, for a year and fined him $10 million following an investigation that alleged he engaged in sexist and racist behavior. In November 2021, ESPN alleged misconduct by Sarver, after which the NBA commissioned law firm Wachtell, Lipton, Rosen…
Suns Owner Banned for One Year, Fined $10 Million Over Workplace Conduct
Phoenix Suns owner Robert Sarver was suspended for one year and fined $10 million by the National Basketball Association (NBA) on Tuesday following an independent investigation into allegations over workplace misconduct. The investigation found that Sarver, who bought the Suns and WNBA’s Phoenix Mercury in 2004, engaged in inequitable conduct toward female employees, including “sex-related…
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