Live Bar, December 21st news the Suns officially announced that Matt Ishbia and his brother Justin Ishbia bought a majority stake in NBA Suns and WNBA mercury from Robert Savo, these two teams officially changed their owners. According to the agreement between the two sides, the valuation of the Suns and Mercury is 4 billion dollars.
Matt Ishbia is the chairman and CEO of a listed mortgage institution headquartered in Michigan, USA. He owns 77% of the company. His younger brother Justin Ishbia owns 22% of the company’s shares, and it is reported that he will also participate in the management and investment of the Suns.
It is worth mentioning that Matt Ishbia played for the basketball team of Michigan when he was studying at Michigan State University (acting as a similar role as a water dispenser administrator). Michigan entered the final four for three consecutive years during his playing, and won the national championship in 2000.
Name: famous mortgage lender Matt Ishbia is expected to buy the Sun & Mercury team with about 4 billion