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NBA approves sale of Phoenix Suns, Mercury to Mat Ishbia
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Phoenix Suns guard Chris Paul (3) defends Detroit Pistons guard Jaden Ivey (23) in the second half of an NBA basketball game in Detroit, Saturday, Feb. 4, 2023. - photo by AP Photo/Paul Sancya
PHOENIX (AP) — Mortgage executive and former Michigan State guard Mat Ishbia is the new majority owner of the Phoenix Suns and WNBA’s Phoenix Mercury, after the NBA’s board of governors approved his plan to purchase the controlling stake of those franchises from Robert Sarver. The league announced the approval Monday night, saying the transaction will be finalized later this week. The vote was 29-0, with the Cleveland Cavaliers abstaining, according to a person who spoke to The Associated Press on condition of anonymity because the final decision had not yet been announced publicly.