Damn, I love rich people.
Mat Ishbia, a billionaire mortgage lender, has bought both the Phoenix Suns and the WNBA’s Phoenix Mercury for a record $4 billion, according to a Feb. 21 statement.
“I am extremely excited to be the next Governor of the Phoenix Suns and Mercury,” Ishbia said in the statement. “Both teams have an incredibly dynamic fan base and I have loved experiencing the energy of the Valley over the last few months.”
“Basketball is at the core of my life, from my high school days as a player to the honor of playing for Coach (Tom) Izzo and winning a national title at Michigan State University. I’ve spent the last two decades building my mortgage business, United Wholesale Mortgage, into the number one mortgage lender in America and I’m confident that we can bring that same level of success to these great organizations on and off the floor,” he added.
Robert Sarver and Mat Ishbia, along with his brother, Justin, announce agreement to purchase Phoenix #Suns and WNBA’s Phoenix Mercury.
The agreement values Suns and Mercury at $4 billion. pic.twitter.com/aByCtVm2pT
— Duane Rankin (@DuaneRankin) December 21, 2022
New team owner Mat Ishbia, Kevin Durant, GM James Jones. #Suns pic.twitter.com/5VBc7ggbzF
— Duane Rankin (@DuaneRankin) February 16, 2023
#Suns incoming owner Mat Ishbia in the building! A fan yells “thank you for saving us Mat!”@12SportsAZ pic.twitter.com/j0y0CcJGC4
— Cameron Cox (@CamCox12) January 20, 2023
Peep the swag that this man is bringing to the Phoenix Suns.
He’s got Kevin Durant, Chris Paul, Devin Booker, Deandre Ayton leading the way on the court and has the fan base praising him for saving them, and with their jersey drip and the swag of Phoenix, it just makes the franchise pop. (RELATED: LeBron Wants To Bring An NBA Franchise To Las Vegas, Forgets The Los Angeles Kings Exist)
And all of this from eff-you money just like my man Steve “Big Balla” Cohen:
Straight cash homie pic.twitter.com/tKwFKoahJC
— Clem (@TheClemReport) December 9, 2022
I see you, Mat. I see you.