Matt Ishbia

2022 - 12 - 20

Post cover — Image courtesy of "Detroit Free Press"

Report: Mat Ishbia finalizing purchase of Phoenix Suns, Mercury for ... (Detroit Free Press)

Mat Ishbia, 42, the billionaire owner of Pontiac-based United Wholesale Mortgage and former Michigan State basketball walk-on who was part of the 2000 ...

The program, led by Tom Izzo, went to three consecutive Final Fours (1999-2001) and won the school's second-ever college basketball national championship in 2000. Later that month, Sarver announced his desire to sell the team after buying it for $401 million in 2004. Ishbia will now be subject to a vetting process by the NBA. "BREAKING: Billionaire mortgage lender Mat Ishbia is finalizing a purchase of the Phoenix Suns, sources tell ESPN," Wojnarowski tweeted. "This amazing opportunity in no way changes anything for UWM or my life here in the metro Detroit area. "Owning a sports franchise has been a lifelong dream of mine and I am honored to be able to fulfill that dream," Ishbia said in the statement.

Mat Ishbia to Acquire Phoenix Suns and Mercury For $4 Billion (The New York Times)

Ishbia, the chief executive of United Wholesale Mortgage, would replace Robert Sarver as the majority owner. Sarver was pushed to sell amid a misconduct ...

Upon returning to the United States, Griner was taken to a military hospital in Texas that helps soldiers and civilians dealing with trauma with their recoveries. Sarver said that while he disagreed with parts of the report, he accepted the league’s decision and apologized for his “words and actions that offended our employees.” Suns guard Chris Paul was among the players who called for a tougher punishment than the fine and suspension the N.B.A. The State Department said in May that she had been “wrongfully detained.” The Suns have been among the best teams in the Western Conference for the past three seasons. [that he was](https://www.crainsdetroit.com/conversation/mat-ishbia-competition-makes-everybody-better) the “14th best player on a 14-person team.” After graduating from business school at Michigan State in 2003, Ishbia began to work for United Wholesale Mortgage, which his father, Jeff Ishbia, founded in 1986. Ishbia lives in the Detroit area, where United Wholesale Mortgage is based, and would not move to Phoenix if he is approved to buy the teams, the person said. [ESPN published a story in November 2021](https://www.espn.com/nba/story/_/id/32440987/phoenix-suns-robert-sarver-allegations-racism-misogyny) in which several current and former employees accused Sarver of fostering an inappropriate work culture. Ishbia began researching the Suns organization after Sarver decided to sell his stake, and he spent time in Phoenix during the past two months to better understand the market, according to a person familiar with the negotiations. “Basketball is at the core of my life.” suspended Sarver](https://www.nytimes.com/2022/09/13/sports/basketball/phoenix-suns-robert-sarver-suspended.html) for a year and fined him $10 million — the maximum allowed — after an investigation found that he had used racial slurs and treated female employees inequitably over many years. It is the second-most expensive acquisition of an American sports franchise in history, behind only the sale of the N.F.L.’s Denver Broncos [for $4.65 billion](https://www.nytimes.com/2022/06/08/sports/football/denver-broncos-walton-penner-family-auction-sale.html) earlier this year. Justin Ishbia is a managing partner at the Chicago-based

Who is Mat Ishbia? Meet the Phoenix Suns' new majority owner (AZCentral.com)

Meet Mat Ishbia, the billionaire mortgage lender and former basketball player who is expected to be the majority owner of the Suns and Mercury.

It reported that Ishbia had previously attempted to purchase the NFL's Denver Broncos. [[email protected]](mailto:[email protected]). And he just came through when times are our toughest. ESPN reported that the deal is worth about $4 billion. [Here's what Robert Sarver's looking for in the next Phoenix Suns owner](https://www.azcentral.com/story/sports/nba/suns/2022/12/11/suns-interim-governor-sam-garvin-talks-about-sarver-and-team-sale/69716235007/) “What Mat Isbhia has done for our university and for our program, for me in particular, is about as humbling and as sort of tear-jerking as anything has happened to me…,” Izzo said in February of 2021. [Michigan billionaire mortgage lender Mat Ishbia to purchase Phoenix Suns for record $4 billion](https://www.azcentral.com/story/sports/nba/suns/2022/12/20/republic-confirms-report-from-espn-that-ishbia-close-to-finalizing-deal-to-purchase-team-from-robert/69744433007/) [Pro Football Talk](https://profootballtalk.nbcsports.com/2022/12/20/mat-ishbia-to-buy-phoenix-suns-likely-taking-him-out-of-mix-for-commanders/) reported that purchasing the Suns and Mercury likely takes Ishbia out of the running as a candidate to buy the Washington Commanders NFL franchise. ['Watch out' for Phoenix Suns under new owner](https://www.azcentral.com/story/sports/nba/suns/2022/12/20/mat-ishbia-phoenix-suns-owner-reaction-magic-johnson-praises-move/69745114007/) [Matt Ishbia](https://www.azcentral.com/story/sports/nba/suns/2022/12/20/republic-confirms-report-from-espn-that-ishbia-close-to-finalizing-deal-to-purchase-team-from-robert/69744433007/), the new owner of the Phoenix Suns? [Phoenix Suns' worth skyrockets in NBA team value rankings for 2022](https://www.azcentral.com/story/sports/nba/suns/2022/10/28/nba-team-value-rankings-phoenix-suns-worth-skyrockets-2022-list/10624172002/) [Ishbia paid $32 million](https://www.freep.com/story/sports/college/michigan-state/spartans/2021/02/04/michigan-state-basketball-mat-ishbia-donation-tom-izzo-football-building/4397094001/) to MSU's athletic department in 2021, and helped sign on to pay for [Mel Tucker's $95 million contract](https://www.mlive.com/spartans/2022/11/mat-ishbia-says-he-gave-14-million-to-mel-tuckers-contract-extension.html) as the school's football coach.

Mat Ishbia reportedly buying Phoenix Suns and Mercury in record ... (The Guardian)

Mortgage executive Mat Ishbia has reportedly agreed to buy the Phoenix Suns and Phoenix Mercury from embattled owner Robert Sarver for $4bn.

Ishbia in November confirmed to the Associated Press his interest in buying the NFL’s Washington Commanders after owners Dan and Tanya Snyder hired a firm to explore potential transactions. “As a former collegiate basketball player and national champion, Mat has exactly the right spirit, commitment and resources to pursue championships.” “I am extremely excited to be the next Governor of the Phoenix Suns and Mercury,” Ishbia said in a statement Tuesday night. Ishbia’s company is built around team aspects, and he often speaks of the lessons he learned while playing for Tom Izzo and with Mateen Cleaves at Michigan State. I’ve spent the last two decades building my mortgage business, United Wholesale Mortgage, into the number one mortgage lender in America and I’m confident that we can bring that same level of success to these great organizations on and off the floor.” Ishbia – who is chairman, president and chief executive of United Wholesale Mortgage, which bills itself as the nation’s largest mortgage lender – will be subjected to a vetting process by the

Jewish billionaire Mat Ishbia buys Phoenix NBA, WNBA teams from ... (Jewish Telegraphic Agency)

(JTA) — Mat Ishbia, a billionaire mortgage lender who in high school was named Jewish athlete of the year by his hometown Jewish newspaper, has reportedly ...

Last year, he donated to the campaign of Alex Lasry, the Jewish Milwaukee Bucks executive who briefly ran for Senate in Wisconsin. [teshuvah](https://www.myjewishlearning.com/article/repentance/), the Jewish idea of repentance, is a central theme. He is a member of the Michigan Jewish Sports Foundation’s board of governors. At 42 years old, Ishbia will become the NBA’s youngest team owner. Ishbia, president and CEO of Michigan-based United Wholesale Mortgage, has a net worth of $5.6 billion, according to Bloomberg. [one of the most giving Jews in the most recent campaign cycle](https://www.jta.org/2022/11/04/politics/the-nov-8-races-that-jewish-americans-are-watching-closely).

Sources - Mat Ishbia finalizing Suns purchase for $4 billion (ESPN)

Mat Ishbia is finalizing a purchase of the Phoenix Suns and WNBA's Mercury for $4 billion, sources told ESPN's Adrian Wojnarowski. The deal would end the ...

"I am extremely excited to be the next Governor of the Phoenix Suns and Mercury," Mat Ishbia said in a statement. He has remained close with Hall of Fame coach Tom Izzo, and he previously made a $32 million donation to the basketball program. As part of the league's punishment, announced on Sept. "We haven't heard from anyone involved in the process," Selby and Pressman told ESPN. Ishbia is well-known and well-regarded within the league office, including with commissioner Adam Silver, and has developed relationships with a number of NBA owners. [Brooklyn Nets](/nba/team/_/name/bkn/brooklyn-nets) for an NBA-record $2.35 billion in 2019.

Phoenix Suns set to be purchased by billionaire mortgage lender ... (SB Nation)

For those unaware, Ishbia is the owner of the mortgage lending company United Wholesale Mortgage, which is headquartered in Pontiac, Michigan. Ishbia's brother ...

[Phoenix Suns](https://www.brightsideofthesun.com) and Phoenix Mercury look like they have a new majority owner, and his name is Mat Ishbia ( [not to be confused with the author of this article](https://twitter.com/Kyle_Odegard/status/1605259888191365121?s=20&t=dTlq3LGc-okDxk8Hcgt4kw), Mat Issa). The selling price of two desert teams is [reported](https://twitter.com/ShamsCharania/status/1605261902686212096?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1605261902686212096%7Ctwgr%5E2caaf6eb5e24203fa4649e520ee223498c89ebc4%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.brightsideofthesun.com%2F2022%2F12%2F20%2F23519127%2Freport-shams-phoenix-suns-being-sold-for-nba-record-4-billion-ishibia) to be $4 billion. In that game, Ishbia only played one minute and attempted one field goal – a layup just as time was expiring. BREAKING: Billionaire mortgage lender Mat Ishbia is finalizing a purchase of the Phoenix Suns, sources tell ESPN. [Detroit Pistons](https://www.detroitbadboys.com) owner Tom Gores and [Cleveland Cavaliers](https://www.fearthesword.com) owner Dan Gilbert (coincidentally, the owner of a different mortgage lending company) as the three Michigan State Alumni to be majority owners of an NBA team. Ishbia’s brother – Justin Ishbia – will also make a significant investment in the teams and serve as the alternate governor.