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UWM’s Mat Ishbia Buys Phoenix Suns, Mercury

United Wholesale Mortgage CEO Mat Ishbia and his brother Justin Ishbia have signed a deal to buy the Phoenix Suns and Mercury. So reports DBusiness.

Phoenix SunsThe Ishbias agreed to pay $4 billion to Robert Sarver, owner of the NBA and WNBA franchises, pending approval from the league.

Ishbia follows fellow Detroit mortgage executive Dan Gilbert into ownership of a major sports franchise. Gilbert owns the NBA's Cleveland Cavaliers.

Read the full article from DBusiness.

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