Mat Ishbia has bought a 57 percent majority stake in the Phoenix Suns for $2.28 billion, ESPN’s Baxter Holmes reports.
Robert Sarver sold his 37% stake to Ishbia for $1.48 billion. Sarver’s group bought the franchise from Jerry Colangelo for $401 million in 2004.
Ishbia assumed ownership of the Suns shortly before the trade for Kevin Durant.
