Mat Ishbia purchases the Phoenix Suns & Mercury for $4 billion!

[FAH1223]

How much of the 4billion is the suns valuation?

NBA Team Values 2022: For The First Time In Two Decades, The Top Spot Goes To A Franchise That’s Not The Knicks Or Lakers

Led by the eye-popping $7 billion Golden State Warriors, the average NBA team is now worth $2.86 billion, 15% more than a year ago, an impressive feat considering the stock market is down more than 15% over the same span.

www.forbes.com

Franchise valued at $2.7 billion

 

[Elim Garak]

How much of the 4billion is the suns valuation?

All of it.

 

[Osmar]

Will we ever see another black owner???

Maybe Lebron is the next black owner when the NBA expands

 

[Legal]

why he take the mercury tho? was he forced to take them on in order to complete the suns deal?

I believe so, since Sarver also owned the Mercury. There was always going to be interest in making sure they were part of the deal, since they're one of the original eight teams, and are pretty popular.

 

[Elim Garak]

Will we ever see another black owner???

I think when they expand it will happen.

 

[rightfultoefinger]

Maybe Lebron is the next black owner when the NBA expands

How? He is only worth 1 billion. Nice dream to have.

 

[Elim Garak]

How? He is only worth 1 billion. Nice dream to have.

Most owners aren't using personal money when they buy a team or at least not all of it.

 

[SCJoe]

No , but it's crazy just how many Cac's from the Detroit area are team owners across the major sports. Detroit is a hella big union area too.

 

[Legal]

The Suns were valued at around $2.7 billion according to Forbes

Also, at this man's highlight reel being mostly dribbling and bricks.

 

[Mars]

4 Billion

3.990b for the Suns and 10m for the Mercury

 

[MikelArteta]

I guess Phoenix is a big market, still seems weird that team would be worth a billy more than the last sold team in such short amount of time
Crazy the sixers sold for $280mil ten years ago

Google says the owner is 'only' worth $5 billion, so he'll probably be day to day with the team.

if you're a billionaire you want to own a sports team, its the best club to get into to

 

[Trojan 24]

How much of the 4billion is the suns valuation?

4.1 Billion

 

[beenz]

I guess Phoenix is a big market, still seems weird that team would be worth a billy more than the last sold team in such short amount of time
Crazy the sixers sold for $280mil ten years ago

Google says the owner is 'only' worth $5 billion, so he'll probably be day to day with the team.

he could simply be the majority owner and put up just enough to have controlling interest of the team and has other partners.

 

[get these nets]

How many black men got 4 billion to buy a team? No slight

Yeah, the thing is that people talk out of both sides of their mouths here. Perhaps, unknowingly.
There were multiple threads about racial disparities and gaps the past four years. The "wealth gap", in particular.
But when a pro sports franchise is sold, with a straight face, the same people will ask about where are the Black potential owners?

It's almost as if dudes don't believe the views they're repeating about the disparities and gaps. Just some trendy shyt to repeat, for them.

 

[Trojan 24]

Maybe Lebron is the next black owner when the NBA expands

Bron need to have dinner with Jay and learn how to flip his billy for at least 5 the way it's looking