Sport tip Suns to be sold for NBA record $4 billion to billionaire Ishbia

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American businessman Matthew Ishbia will become the new owner of Phoenix.


According to ESPN insider Adrian Wojnarowski, the deal will be worth $4 billion. This is a record amount for the purchase of an NBA club in history. The previous record was set in 2019, when Joseph Tsai purchased Brooklyn for $3. 3 billion. The new owner will also get the WNBA team Phoenix Mercury.


Matthew Ishbia is the owner and CEO of United Wholesale Mortgage, a Michigan-based mortgage lending company. Forbes estimates his net worth at $5. 1 billion.


Ishbia played for Michigan State (1999-2002), reaching three NCAA Final Fours and winning the 1999-00 championship. In total, he played 48 matches, averaging 0. 6 points in 2. 4 minutes on the court.


According to NBA insider Shams Charania, Justin Ishbia, Matthew Ishbia`s brother, will also be involved in the purchase. His fortune is estimated at 2. 2 billion dollars. Justin Ishbia will become assistant manager of the Suns.


Current Phoenix owner Robert Sarver decided to sell the club prediction by hockey predictions after an NBA investigation confirmed evidence of his inappropriate behavior in the workplace.






Suns to be sold for NBA record $4 billion to billionaire Ishbia Sport tip - more details and information: Sport tip

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