This Wednesday the owner of the NBA‘s Phoenix Suns and the WNBA’s Phoenix Mercury, Robert Sarver, announced his decision to begin the process of selling both franchises after he was fined $10 million and suspended for a year due to an investigation that ended up finding him guilty of using abusive language and racist and misogynistic behaviors as part of his organization’s culture.
Who are the candidates to buy the Phoenix Suns?
According to a report by ESPN’s Ramona Shelburne, the main contenders are former Amazon CEO Jeff Bezos, former Disney CEO Bob Iger, former Oracle CEO Larry Ellison and current Washington Wizards minority owner Laurene Jobs, who is the widow of former Apple CEO Steve Jobs.
According to industry experts, Sarver bought the Suns 18 years ago for $400 million, however, the current value has clearly increased, as a reference, according to Forbes magazine, last year the team of Devin Booker and Chris Paul valued the team at $1.8 billion.
Jeff Bezos, very close to the U.S. sports industry
Last week, at the first game of the NFL season broadcast on Amazon Prime’s Thursday Night Football between the Los Angeles Chargers and the Kansas City Chiefs, Bezos was captured talking to NFL Commissioner Roger Goodell in a box at Arrowhead Stadium, so his closeness to the U.S. sports industry is more than clear.
The current fortune of Bezos, one of the richest men in the world, is valued at a figure close to $146.9 billion, so his capital injection to the Suns franchise would definitely be an option that could lead this organization to a significant growth.