Billionaire Mat Ishbia would purchase the Phoenix Suns and Phoenix Mercury of the National Basketball Association (NBA) for $4 billion.
In 2019, Joe Tsai purchased the remaining shares of the Brooklyn Nets for a total of $2.35 billion, which would make the transaction the largest in NBA history.
When reached for comment, the Suns did not immediately react.
Robert Sarver, the team’s owner, stated in September that he planned to sell the franchise following a yearlong suspension by the NBA for workplace misbehavior.
American Ishbia serves as president and CEO of United Wholesale Mortgage in Detroit.