$ 4 billion .. an imminent record deal in the American Basketball League

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ESPN and The Athletic reported the 42-year-old Ishbia deal, who made his fortune in the mortgage market, to buy the team from current owner Robert Sarver.

On the other hand, Irvin “Magic” Johnson confirmed the sale plan in a tweet about Ishbia, who in turn played basketball and defended, along with the former Los Angeles Lakers star, the colors of the Michigan university “Spartans” team, and crowned him with a champion in 2000.

Johnson wrote on his Twitter page: “I spoke on the phone with my former teammate, Matt Ishpia, and congratulated him on his purchase of the Phoenix Suns.”

He added, “He will do great things not only for the Suns, but for the entire league. All 29 other (NBA) teams better pay attention, because Matt is one of the winners.”

Last September, Sarver, who likely agreed in principle to the terms of the sale, said he would sell the team after the league suspended him for a year and fined him $10 million for workplace misconduct, including sexual harassment and verbal abuse. racism.

NBA Commissioner Adam Silver called the sale plan “the appropriate next step for the organization and the community.”

What is the effect of the astronomical deal?

• It contributes to raising the value of league clubs, which jumped with sales of the Los Angeles Clippers by $2 billion in 2014, the Houston Rockets by $2.2 billion in 2017, and the Brooklyn Nets by .
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35 billion in 2019.

• The Mercury women’s team will have a new owner when star Brittney Grainer returns to its ranks next season, after being held in a prison in Russia for 10 months this year on drug charges, before being released after long negotiations in exchange for the release of Russian arms dealer Victor Bout, who was He is serving a 25-year prison sentence in the United States.

• Suns fans have been eager to win the precious title since the team participated in the league in the 1968-1969 season, knowing that the team reached the finals in 1976 but lost to Boston, only to fall to the Chicago Bulls led by legend Michael Jordan in the 1993 final, and also lost the final of the 2020 season 2021 against the Milwaukee Bucks.

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