Sarver reportedly owns only 35% of the suns. If their value is roughly $2 billion that’s a $700 mill price tag to pay.
Suns should be worth more than the timberWolves but they sold for well under $2 billion at $1.5 billion. That’s a massive price difference if the valuation is at $4 billion.Valuation is supposedly closer to $4B. Also while Sarver reportedly only owns about a third of the team, there were reports he had authority as managing partner to sell the entire team including minority partner stakes. So we'll need some more info on exactly how much of a stake Ishbia ends up with.
In 2017 tilman Fertitia completes sale of the rockets for $2.2 billion. Only 5.5 years later the value of a similar market sized team in phx nearly doubled what he paid for it is crazy.Michael Jordan officially became majority owner of the Bobcats in 2010, for about $175 million.
Now teams are selling for over a billion.
In a previous life I would have founded the Orlando Magic and or something and would have passed them down to family. Holy cow what a return on investment.