Following NBA Board of Governors approval, Mat Ishbia has completed the acquisition of the controlling ownership interest in the Phoenix Suns (NBA) and Phoenix Mercury (WNBA) franchises, the operating entity for Footprint Center and affiliated entities. With the transaction, Mat becomes Governor of the Suns and Mercury while Justin Ishbia, CEO and Founder of Shore Capital Partners, becomes the second largest shareholder and Alternate Governor.
“This is the culmination of a lifelong dream. I love the game of basketball deeply but it’s so much more than that for me.” Mat continued, “Throughout my life, basketball has given me a second family, an education, and so much joy. I am honored to be the next steward of this community’s franchises in the Phoenix Suns and Phoenix Mercury and am totally committed to building an incredible organization on and off the floor.”
Justin echoed Mat’s excitement stating, “We are thrilled about the opportunity to make a positive impact on the Phoenix sports ecosystem and community through a people-first, family approach. My brother and I look forward to bringing our passion for basketball and competitive spirit to The Valley.”