Sports
Briefing: Suns' Ishbia could bump ownership stake to 96%
Strategic angle: Phoenix Suns owner Mat Ishbia is in mediation to potentially buy out minority owners' 13% stake.
Editorial Staff
1 min read
Updated about 1 month ago
Mat Ishbia, the owner of the Phoenix Suns, currently holds an 83% stake in the team. He is in the process of mediation with minority owners regarding their 13% stake.
The mediation aims to facilitate a buyout of the minority owners, which would significantly increase Ishbia's ownership percentage.
If successful, this transaction would enhance Ishbia's control over the franchise, impacting governance and operational decisions moving forward.