Sports
Mat Ishbia in Mediation to Increase Suns Ownership to 96%
Phoenix Suns owner Mat Ishbia is currently engaged in mediation to acquire the remaining 13% ownership stake held by minority owners, potentially raising his stake to 96%.
Editorial Staff
1 min read
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.