Embattled Phoenix Suns and Phoenix Mercury owner Robert Sarver announced Wednesday that he will seek buyers for the Phoenix Suns and Mercury basketball teams.
“Words that I deeply regret now overshadow nearly two decades of building organizations that brought people together – and strengthened the Phoenix area – through the unifying power of professional men's and women's basketball,” Sarver said in the statement.
“I do not want to be a distraction to these two teams and the fine people who work so hard to bring the joy and excitement of basketball to fans around the world. I want what's best for these two organizations, the players, the employees, the fans, the community, my fellow owners, the NBA and the WNBA. This is the best course of action for everyone.
“In the meantime, I will continue to work on becoming a better person, and continuing to support the community in meaningful ways. Thank you for continuing to root for the Suns and the Mercury, embracing the power that sports has to bring us together.” Sarver bought the Suns for $401 million in 2004, and the team now is valued at approximately $1.8 billion, according to Forbes. He is the franchise’s largest stakeholder at nearly 35%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robert Sarver has started process to sell Phoenix Suns, Phoenix MercuryBREAKING: Phoenix Suns and Mercury owner Robert Sarver says he has started looking for buyers for both teams following his suspension. abc15
Read more »
Draymond torches NBA handling of Sarver scandal: 'Bulls—t'Green had a lot to say about the NBA's handling of Phoenix Suns owner Robert Sarver.
Read more »
Robert Sarver Announces He Will Sell Suns, MercuryRobert Sarver Announces He Will Sell Suns, Mercury - RealGM Wiretap
Read more »
Embattled Robert Sarver says he will sell NBA's Suns, WNBA's MercuryThe Sabino High School and UA grad made the announcement Wednesday, saying selling 'is the best course of action.'
Read more »
Phoenix Suns and Mercury owner Robert Sarver says he’s selling teams after league found workplace misconductBREAKING: Phoenix Suns and Mercury owner Robert Sarver said he’s going to sell the teams, a week after the NBA suspended him for one year and fined him $10 million after an investigation uncovered racist and sexist workplace conduct.
Read more »