The NBA Phoenix Suns team was bought by a former NCAA player for a huge price

After a period of time for sale because of the drama surrounding team owners, the Phoenix Suns (NBA) and Phoenix Mercury (WNBA) clubs have found a new owner. This huge deal has been completed in negotiation and is currently only waiting for the NBA to approve.

Buying and selling NBA teams is very rare in the 21st century for a variety of reasons, one of which is the high value of the team and its profitability. But for the Western NBA champion in 2021 Phoenix Suns, the story for sale comes from the huge drama of the team's owner - Robert Sarver.

Investigation results show that Sarver has shown signs of abuse of power as a team owner, creating a negative and unsafe working environment, especially for women and people of color.

The NBA fined Mr. Sarver $10 million and banned him from all basketball-related activities for a year. Not long after this sentence, the Phoenix Suns and Phoenix Mercury were up for sale.

The new owner of two Phoenix football teams is Mathew Ishbia, an American billionaire this year 42 years old. He is best known as the chairman and CEO of United Wholesale Mortgage, America's No.

Interestingly, Ishbia played basketball at the NCAA Division I level for Michigan State University, the school that Draymond Green or the legendary Larry Bird attended.

In 4 years playing for the Michigan State Spartans, Mathew and his teammates reached the NCAA finals 3 times, winning the championship once in 2000. After 4 seasons, Ishbia also had a year as an assistant coach. legendary Tom Izzo before graduation.

Leaving Michigan State, he was brought back to the family company founded by his billionaire father. In 2013 he was appointed as the CEO of United Wholesale Mortgage and holds the position to this day.

“I can't wait to get to work with everyone at the Phoenix Suns and Mercury. I'm very happy with this deal and my dream of owning a basketball team has come true," said Mathew Ishbia.

“I appreciate what Robert Sarver has built over the years and the help he has given us recently. My family will work hard to help Phoenix Suns and Phoenix Mercury grow even more."

Before being "handled" to Mathew Ishbia, the Phoenix Suns were bought by Mr. Robert Sarver in 2004 for $400 million, which was an NBA record at that time.