NBA franchise the Phoenix Suns have been purchased by billionaire Mat Ishbia to end the tumultuous tenure of owner Robert Sarver.
Mortgage lender Ishbia has a net worth of $5.59 billion and is believed to have purchased the Suns for around $4bln. The 32-year-old has been involved in basketball for some time, playing four years in the NCAA for Michigan State.
Earlier this year, Sarver was fined $10 million - approximately £8.7m - and suspended from the sport for a year after the league investigated allegations against him. NBA stars LeBron James and Chris Paul were among those outraged at the severity - or lack thereof - of the sanctions.
