More
Forbes: Phoenix Suns are likely to sell for at least $2.5 billion

Forbes: Phoenix Suns are likely to sell for at least $2.5 billion

The Phoenix Suns are likely to sell for at least $2.5 billion, according to sports bankers who spoke to Forbes. This would be the second-largest sale in NBA history behind only the Brooklyn Nets, who sold for $3.2 billion to Joe Tsai in 2019.

Following a 10-month investigation into claims of racism, sexism, misogyny and workplace misconduct, the NBA suspended Suns owner Robert Sarver for one year and fined him $10 million. Shortly after — and facing pressure from the NBPA, sponsors and star players — Sarver announced that he would sell the team.

BetOnline has the over/under for the Suns' sale price set at $2.75 billion.

They also have odds on who will be the next majority owner of the Suns, with the favorites being Jeff Bezos (2/1), Bob Iger (3/1), Larry Ellison (4/1), Laurene Powell (7/1), Elon Musk (8/1), Arte Moreno (10/1), Michael Bidwill (10/1), Lukas Walton (12/1) and Bill Gates (16/1). 

The Suns are a contender with a talented young core in a great market, so don't be surprised if there's a significant bidding war to purchase the franchise.

Magazine Subscriptions
100% Match Bonus. Use Code BBNEWS
100% Match Bonus. Use Code BBNEWS
Latest Injuries
Jalen Suggs
Ankle
Suggs is QUESTIONABLE for Sunday's (Nov. 27) game against Philadelphia.
2022-11-26
Caleb Martin
Illness
Martin is QUESTIONABLE for Sunday's (Nov. 27) game against Atlanta.
2022-11-26
Kevon Harris
Illness
Harris is QUESTIONABLE for Sunday's (Nov. 27) game against Philadelphia.
2022-11-26
Terrence Ross
Illness
Ross is PROBABLE for Sunday's (Nov. 27) game against Philadelphia.
2022-11-26
Dewayne Dedmon
Foot
Dedmon is QUESTIONABLE for Sunday's (Nov. 27) game against Atlanta.
2022-11-26
Gabe Vincent
Knee
Vincent is QUESTIONABLE for Sunday's (Nov. 27) game against Atlanta.
2022-11-26
Tyler Herro
Ankle
Herro is QUESTIONABLE for Sunday's (Nov. 27) game against Atlanta.
2022-11-26
Jamal Cain
Illness
Cain is PROBABLE for Sunday's (Nov. 27) game against Atlanta.
2022-11-26
Jalen Brunson
Quad
Brunson is QUESTIONABLE for Sunday's (Nov. 27) game against Memphis.
2022-11-26
Jakob Poeltl
Quad
Poeltl left Saturday's (Nov. 26) game against the Lakers.
2022-11-26
100% Match Bonus. Use Code BBNEWS
Lingerie
Costumes
Dresses
Sexy Lingerie
Subscribe to our newsletter
SUBSCRIBE
Follow Us
Download Our App!
Stay up-to-date on all things NBA
Download the BasketballNews.com App on the App Store
Download the BasketballNews.com App on the Google Play Store
Copyright © BasketballNews.com 2020. All Rights Reserved.
NBA News & Rumors