Heritage Florida Jewish News - Central Florida's Independent Jewish Voice

Jewish billionaire Mat Ishbia buys Phoenix NBA, WNBA teams from disgraced Jewish owner

 

December 30, 2022

Christian Petersen/Getty Images

Mat Ishbia, left, is buying the Phoenix Suns and Mercury from Robert Sarver, right.

(JTA) - Mat Ishbia, a billionaire mortgage lender who in high school was named Jewish athlete of the year by his hometown Jewish newspaper, has reportedly reached a $4 billion agreement to purchase the NBA's Phoenix Suns and WNBA's Phoenix Mercury.

Ishbia is buying the teams from Robert Sarver, who cited his Jewish identity when he announced in September that he would sell the basketball teams he has owned since 2004.

Sarver, a real estate businessman with a net worth of nearly $1 billion, announced the sale after facing a suspension and $10 million fine as a result of an investigation that...



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