News That Matters

Tag: phoenix-suns

Robert Sarver agrees to sell Phoenix Suns and Mercury to Mat Ishbia for $4 billion
Business

Robert Sarver agrees to sell Phoenix Suns and Mercury to Mat Ishbia for $4 billion

Mortgage executive Mat Ishbia has agreed in principle to buy a majority stake of the Phoenix Suns and Phoenix Mercury from the embattled owner Robert Sarver for $4 billion, the sides announced Tuesday.The sale is expected to take several weeks to complete. Ishbia — who is chairman, president and chief executive of United Wholesale Mortgage, which bills itself as the nation's largest mortgage lender — will be subjected to a vetting process by the NBA, and once that is complete, the league's board of governors will have to approve the sale.The board isn't scheduled to meet until March, though it could convene virtually if the vetting process is completed beforehand. Forbes recently listed Ishbia's net worth at $5.1 billion. Ishbia is a former Mi...
Suns snap 5-game skid with 111-95 win over depleted Clippers
Entertainment

Suns snap 5-game skid with 111-95 win over depleted Clippers

LOS ANGELES -- - Mikal Bridges scored 27 points, Chris Paul added 15 points and 13 assists and the Phoenix Suns snapped a five-game losing streak with a 111-95 victory over the depleted Los Angeles Clippers on Thursday night.Devin Booker scored 14 points in his return from a two-game absence with a hamstring injury for the Suns, whose longest skid in three years ended with a blowout of a Clippers lineup missing most of its important players. Phoenix took a 27-point lead in the first half and maintained a comfortable double-digit margin while closing out just its second win in eight games in December.Kawhi Leonard, Paul George, Norman Powell, Reggie Jackson and Ivica Zubac didn't play, leaving Los Angeles without its top three scorers, four of its starters Wednesday in a victory over Min...