Speculation: Should Meruelo buy the Suns?

[MIGs Dog]

Sarver isn't going to be forced to sell.

If all of the sponsors bail he will.

 

[Bondurant]

Gee, I wonder why City of Phoenix is trying to block the arena?

 

[PainForShane]

Looks like Sarver's decided to sell. About time

Sarver announces plans to sell Suns, Mercury

Owner Robert Sarver, citing an "unforgiving climate" following his suspension and fine for racist and misogynistic remarks, announced his plans to sell the NBA's Suns and WNBA's Mercury.

www.espn.com

 

[LuckyNumber11]

They’re saying that a former Disney CEO Bob Iger is interested and he’s buddies with Adam Silver so I’d be surprised if it’s not him. But also I think Jahm Najafi who is a current minority owner wants to become the majority owner too. Meruelo I would bet is interested but I have a feeling there’s 4 or 5 others they’re more interested in selling to

 

[cobra427]

They’re saying that a former Disney CEO Bob Iger is interested and he’s buddies with Adam Silver so I’d be surprised if it’s not him. But also I think Jahm Najafi who is a current minority owner wants to become the majority owner too. Meruelo I would bet is interested but I have a feeling there’s 4 or 5 others they’re more interested in selling to

Existing investors are buying him out, they have the right to do it, if their agreements are written like any I have seen.

 

[87turbobuick]

Good for him to cash out.

Sarver's share is reported at 35% ownership, so around $630M is what they are saying in the media. Rumors for years that the Sun's second biggest investor has wanted a bigger stake in the team too. This is probably his chance to grab majority stake.

Edit: It's Jahm Najafi, who has also called for Sarver to resign. Seems like he might already using this to his advantage, posturinghe has not

Other than he claims he doesn’t want control.

But then again, he and his brother and one other have tried to run Sarver out for years.

He also supported Paula Deen who was outed as a racist so lets see if the woke NBA players come after him.

 

[LuckyNumber11]

I also saw that Sarver, due to the minority ownership agreements, has the power to sell the team in full as well.

 

[Dirty Old Man]

But also I think Jahm Najafi who is a current minority owner wants to become the majority owner too.

I just now found out he's also a vice chairman (or at least was in 2020) of the F1 team McLaren....so the whole papaya power (McLaren's orange matches the Suns') thing - they put Suns decals on their cars during the finals run - was deeper than it looked.

U.S.-based MSP Sports Capital buys into McLaren F1

U.S.-based investment group MSP Sports Capital is taking a significant minority stake in McLaren Racing in a deal the Formula One team said would give them the tools to return to the top of the sport.

www.reuters.com