Phoenix Suns and Phoenix Mercury owner Mat Ishbia is reportedly set to buy out the remaining minority shareholders, taking the Ishbia family's ownership of both franchises to almost 99%.
United Wholesale Mortgage confirmed the move in a statement obtained by Bloomberg, bringing another major change to a Mercury franchise already dealing with plenty of off-court attention.
The buyout follows prolonged tension between Ishbia and minority shareholders over a previous capital call. If completed, the move would give the Ishbia family almost complete control of the Suns and Mercury.
Photo by Christian Petersen/Getty Images
'Mat is finalizing an agreement to buy out the remaining Suns and Mercury shareholders, bringing the Ishbia family's total ownership to almost 99% of the teams,' UWM said in a statement via Bloomberg.
#almost
United Wholesale Mortgage confirmed the move in a statement obtained by Bloomberg, bringing another major change to a Mercury franchise already dealing with plenty of off-court attention.
The buyout follows prolonged tension between Ishbia and minority shareholders over a previous capital call. If completed, the move would give the Ishbia family almost complete control of the Suns and Mercury.
Photo by Christian Petersen/Getty Images
'Mat is finalizing an agreement to buy out the remaining Suns and Mercury shareholders, bringing the Ishbia family's total ownership to almost 99% of the teams,' UWM said in a statement via Bloomberg.
#almost
2 months ago
