News about Mateen Cleaves
The Phoenix Suns' historic $4 billion sale to Mat Ishbia is expected to be complete by the NBA trade deadline.'
www.dailymail.co.uk,
January 25, 2023
Mat Ishbia, a billionaire mortgage lender, is expected to announce in the next two weeks that a majority stake in the Phoenix Suns and Mercury, an embattled Robert Sarver's troubled company, at a $4 billion valuation. According to a ESPN story, the $4 billion deal is expected to be ratified by the NBA's board of governors before the league's trade deadline. Ishbia will take over as the majority owner from Sarver, who was suspended by the league last September for one year and fined $10 million for allegations of bigotry.