As Suns and Mercury owner Robert Sarver prepares to leave his position as owner of the two teams, four people have reportedly emerged as potential buyers of the Suns franchise.
ESPN’s Ramona Shelburne reports that former Amazon CEO Jeff Bezos, former Disney CEO Bob Iger, former Oracle CEO Larry Ellison, and Lauren Jobs, minority owner of Wizards – the widow of former Apple CEO Steve – are expected to compete Jobs – in the race to become the next franchisor.
Sarver had announced earlier Wednesday that it had begun an operation “Sell” both teams in Phoenix. Over a week ago, the NBA Surfer suspended for one year and a $10 million fine from a periodical investigation into workplace misconduct.
The 60-year-old, who owns roughly 30% of the Suns according to ESPN’s Baxter Holmes, will be in control of the sale as he prepares to exit his position. Sarver Group bought The Suns in 2004 for $401 million. Nearly two decades later, the franchise price will be as far north as Sarver has paid.
Last year, Forbes reported that the franchise was worth $1.8 billion. If Suns is seeking the highest bidder, the franchise will likely look to Bezos, who currently has more than $146.9 billion in wealth to his name.
When examining how much the team could realistically sell, many point to the Clippers sale in 2014. When former Clippers owner Donald Sterling was ousted for racist behavior within the franchise, his wife – Shelley Sterling – oversaw the sale of the team for $2 billion.
However, while other teams – The Rockets and Nets – have been bought at higher prices in recent years, the Suns’ buying price will likely outpace previous offerings of other NBA teams.
According to the university’s investigation, Sarver used the n-word at least five times “when telling others’ sayings” during his time with both franchises. He’s also 60 years old You have always acted unprofessional towards the staff. There were “cases of unfair behavior towards female employees”, which included “sexual comments” as well as Sarver’s involvement in “inappropriate physical behavior towards male employees”.
Since the league announced Sarver’s penalty, many notable players among them LeBron JamesAnd the Chris Paul And the Draymond Green speak against it. In addition, PayPal has announced that it will do so Do not renew it If Sarver remains the Suns owner, and minority owner Jahm Najafi demanded Sarver’s resignation.