Less than 24 hours ago, Robert Sarver published a statement in which, among other things, he announced that he was starting the process of selling the Phoenix Suns of the NBA and the Mercury of the WNBA. Yesterday the first rumors about possible buyers began to appear. And the names are not unrecognizable. Ramona Shelburne exposed a plethora of big tycoons heading fortunes like Jeff Bezos, owner of Amazon; or Robert Iger, former CEO of Disney. They are joined by Lauren Jobs, widow of the co-founder of Apple and minority owner of Disney itself and the Washington Wizards.
This, Shelburne assures, is nothing more than a first pool of candidates to which other illustrious names on the Forbes list will be added. However, the journalist ESPN He believes that this sale will last at least two months and that in that time it is easy for most of those recognizable large fortunes to fall out of the bid. His forecast is that the buyer will end up being someone else unknown to the general public, although he makes it clear that only Robert Sarver owns his decision.
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In 2022 the magazine Forbes appraised the value of the Phoenix Suns at $1.8 billion. Which places it as the eighteenth most valuable franchise in the league. However, it is expected that the sale price will be somewhat higher given the recent growth of the team in sports. Also the general growth of this value once the pandemic is over and with the growing expectations that the next television contract will double the income of the previous one. It should be remembered that Robert Sarver bought the franchise for 400 million dollars in 2004. Which would mean multiplying his investment by at least four.
(Cover photo by Jamie Squire/Getty Images)
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Jeff Bezos among the possible buyers of the Phoenix Suns