Back in December, news broke of Mortgage Lender tycoon Matt Ishbia agreeing to buy the Phoenix Suns. It was unclear when the deal was going to be finalized, but new developments have emerged regarding the sale.
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According to ESPN's Adrian Wojnarowski, the sale of the Phoenix Suns to Matt Ishbia is set to be official in two weeks' time. The new majority owner is set to take over just before the Feb. 9 trade deadline. Since the initial reporting, the price has remained the same at $4 billion.
The Phoenix Suns were one of the NBA's top teams when the deal was first agreed upon, but have been trending in the wrong direction. Currently, they are one game over .500 (25-24) and sit in seventh place in the Western Conference standings.
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About the author
Kevin McCormick
Kevin McCormick is a basketball writer at Sportskeeda with over four years of experience in journalism and a bachelor's degree in Sports Management Marketing from Holy Family University.
Kevin has worked with various notable outlets throughout his career, including 97.3 ESPN, ClutchPoints, Heavy Sports, and Sports Illustrated/FanNation, before joining Sportskeeda in March 2022.
Specializing in NBA and WNBA coverage, Kevin's passion for basketball stems from his hometown team, the Philadelphia 76ers. Among his favorite players are Kevin Durant, Chet Holmgren, and Steph Curry, while his all-time favorites include Magic Johnson and Larry Bird.
Kevin holds Coach K in high regard for the large input he's had on the game helping mold players across multiple generations. Kevin believes the iconic rivalry between Larry Bird and Magic Johnson helped elevate the league to its current status.
Through his writing, Kevin provides in-depth analysis and insights into player and coach quotes. He prioritizes sourcing information from credible and reliable outlets.
Kevin enjoys reading, aiming to finish at least one book per month, and he is a big fan of music.
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