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UWM’s Mat Ishbia countersues Phoenix Suns’ minority owners

Phoenix Suns majority owner Mat Ishbia — who is also the president and CEO of United Wholesale Mortgage (UWM) — has filed a countersuit against minority owners Scott Seldin and Andy Kohlberg, accusing them of trying to force him to buy their shares “at an exorbitant premium.”

The countersuit, filed Tuesday in Delaware state court, follows an August lawsuit from Kisco WC Sports II, owned by Kohlberg, and Kent Circle Investments, owned by Seldin, who had minority stakes under former Suns majority owner Robert Sarver. Each alleged that Ishbia refused to grant them access to team records.

The complaint, details ⇒

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