As Robert Sarver begins the process of selling the Phoenix Suns, we look at the steps and how long it would take to buy the professional NBA team.
purchased 49% of the franchise in 2018, before acquiring the remaining 51% from Russian oligarch Mikhail Prokhorov the following year for a grand total of $2.35 billion.
as the league forced Sterling’s estranged husband, Donald, out after video surfaced of the real estate mogul making racist remarks, particularly targeting Magic Johnson. This move, made in the first two months of NBA Commissioner Adam Silver’s tenure, has proved increasingly relevant as many fans quickly drew parallels between Sterling and Sarver’s comments and seemed perplexed by the NBA’s lack of consistency.
On rare occasions these purchases come with added drama, such as the most recent franchise relocation of the Seattle SuperSonics to Oklahoma City following Clay Bennet’s 2006 purchase. Sarver’s $401 million purchase would be worthwhen exclusively looking at the impact of inflation. So where did the remaining nearly $2 billion come from?
This cultural trend isn’t exclusive to the NBA. Team valuations across the world are exploding, most recently demonstrated in theHow have the Phoenix Suns increased their value so significantly?
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