Four large law firms are working on the sale of the Phoenix Suns, a potentially record-setting deal that values the National Basketball Association team and the WNBA’s Phoenix Mercury at $4 billion.
Mortgage lending billionaire Mat Ishbia and his brother Justin Ishbia agreed Tuesday to acquire a majority stake in both teams. Current owner Robert Sarver began exploring options to sell both franchises after the NBA suspended the real estate mogul and fined him $10 million over discrimination and harassment allegations.
Sarver has turned to DLA Piper partner Richard Rubano in New York for outside counsel on the deal, which ...
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