$1.8 billion Phoenix Suns finds potential suitors in Amazon founder and former Disney CEO among other billionaires

ByAsad Sial September 15, 20225 months ago

U.S. lineup bigwigs like Phoenix Suns and Mercury owner Robert Sarver announce his decision to sell both franchises.

Currently under heavy criticism for his racist and misogynistic behavior, Robert Sarver announced his decision to sell his teams, the Phoenix Suns and Mercury. It all started with a ESPN Report 2021which alleged that the businessman with a net worth of $800 million engaged in a toxic work environment.

The detailed report chronicled the ordeal of Suns staff, employees, and even players.

Following this, the NBA conducted its investigation, resulting in a $10 million fine and a one-year suspension for Sarver. The bottom line is that the 60-year-old man violated workplace regulations.

On the same day that the league leveled its penalties, Sarver announced that he had started the process of selling the Suns and Mercury. According to Forbes, the Phoenix Suns are worth $1.8 billion, ranking 18th among the other 30 teams in the NBA.

In 2004, Sarver purchased the franchise for $401 million.

Also read: Robert Sarver, who draws comparisons to Donald Sterling, will lose millions as PayPal threatens to terminate contract

ESPN’s Ramona Shelburne recently doled out a few names who had expressed interest in acquiring Phoenix franchises.

“There are a lot of names out there, like Amazon’s Jeff Bezos”: Ramona Shelburne on possible suitors for the Suns and Mercury franchise.

Following Sarver’s decision to sell his Phoenix franchises, there have been a few big names hanging around, including Amazon founder Jeff Bezos ($142 billion), former Disney CEO Bob Iger ($690 million) , Oracle co-founder Larry Elson ($94.4 billion), minority owner of Wizards, and widow of former Apple CEO Steve Jobs Laurene Powell Jobs ($13.6 billion).

Jeff Bezos, former Disney CEO Bob Iger, Oracle co-founder Larry Ellison and Wizards minority governor Laurene Powell Jobs are expected to be interested in buying the Suns and Mercury, according to @ramonashelburne

Full story here: https://t.co/pwWIxdjRuj pic.twitter.com/wUo4bm65IE

— Bleacher Report (@BleacherReport) September 22, 2022

This is great news for hoop fans in Phoenix who don’t have to worry about not having an NBA and a WNBA. equipment. Commissioner Silver and company needed to be applauded for their quick and swift actions, ensuring that the parties affected by Sarver’s wrongful actions do not suffer from any of this.

Also read: NBA Fan points out that Mark Cuban, who received a $10 million fine similar to that of Robert Sarver, should not have come out so easy

Asad Sial

Asad Sial is the founder and chief editor of SialNews.com, a trusted digital platform delivering the latest news, insightful analysis, and trending stories from Pakistan, the United States, and around the world. With years of experience in SEO-driven journalism and digital media, Asad focuses on publishing high-quality, fact-checked, and engaging content that keeps readers informed and inspired. His mission is to make Sial News a reliable source for tech, business, sports, and global affairs.