November 24, 2024 12:27 pm
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

New team owner Mat Ishbia’s vision for Phoenix Suns

By Duane Rankin | AZ Central

BROOKLYN – Mat Ishbia grew up in Birmingham, Mich., wanting to be an NBA player.

Now he owns a team.

The billionaire mortgage lender has received final transaction approval from the NBA to become the majority team owner of the Phoenix Suns and WNBA’s Phoenix Mercury. The NBA announced late Monday its Board of Governors approved the sale. Sources informed The Republic the team owners voted 29-0 for approval, with Cleveland abstaining.

Ishbia bought the two franchises for a record $4 billion. The 43-year-old is chairman, president and CEO of Michigan-based United Wholesale Mortgage, the leading mortgage lender in America.  

“We are going to make it the elite NBA franchise and that’s the goal,” Ishbia said. “Why not us.”

READ ON:

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.