Robert Sarver is expected to sell the Phoenix Suns for $3billion ahead of start of new season

The Phoenix Suns are expected to sell for an estimated $3billion after current team owner Robert Sarver was slapped with a $10million fine and one-year ban from the NBA following allegations of racial and sexist slurs as well as bullying to employees. 

The franchise’s valuation, reported by ESPN on Wednesday, would be the second-highest team ownership sale in sports history. At the moment, the Denver Broncos’ $4.65billion sale in June to the Walton-Penner family is the North American record, surpassing the $2.4billion benchmark set by Steve Cohen in 2020 when he bought the New York Mets. 

Sarver, 60, announced his decision to sell the team and the Phoenix Mercury of the WNBA this week after several sponsors, including Verizon Wireless and PayPal, were intending to cut sponsorship deals…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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