Suns and Mercury owner Robert Sarver said Wednesday that he has begun the process of selling both teams.
The news comes after the NBA announced the team owner will be suspended one year and was dealt a $10 million fine stemming from an investigation into workplace misconduct.
“Words that I deeply regret now overshadow nearly two decades of building organizations that brought people together—and strengthened the Phoenix area—through the unifying power of professional men’s and women’s basketball,” Sarver said, in part, in his written statement. “As a man of faith, I believe in atonement and the path to forgiveness. I expected that the commissioner’s one-year suspension would provide the time for me to focus, make amends and remove my personal controversy from the teams that I and so many fans love.
