Former Phoenix Suns owner Robert Sarver is reportedly donnating $5 million to the team's charity along with $20,000 individual bonuses to many team employees, according to ESPN's Baxter Holmes.
According to ESPN, Ishbia bought a 57% controlling stake of the Suns for $2.28 billion. Sarver reportedly sold his personal 37% stake to Ishbia for $1.48 billion. After taxes, Sarver is expected to surpass almost double the amount that he and an investment group paid for the team in 2004.and told said that Sarver chose him during the conference. Suns head coach Monty Williams told reporters he spoke with Ishbia at a home game in January.
Williams called it"great for the team, the organization and the community to have someone like Mat in place." At 43 years old, Ishbia will be the youngest team owner in the NBA — narrowly beating out 44-year-old Memphis Grizzlies owner Robert Pera.This time, for Kevin Durant — an affair that led fans to line up to hours early in hopes to see the star's first appearance as a Sun.
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