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UWM’s Ishbia Eyes New Investors for Phoenix Suns: Report

Saturday, Oct 14 2023
Lending
Written by  The Mortgage Leader

United Wholesale Mortgage CEO Mat Ishbia has had talks exploring potentially adding new investors to the Phoenix Suns and Mercury basketball teams, according to sources with knowledge of the situation. So reports Bloomberg.

Phoenix SunsOne of Bloomberg’s sources said that investors have expressed interest about buying shares should Ishbia exercise his ability to buy shares from the two teams’ current minority investors.

In February, Ishbia wrapped up a $2.28 billion deal for a majority stake in the NBA’s Suns and WNBA’s Mercury.

Read the full article from Bloomberg.

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