Minority investors in the NBA‘s Phoenix Suns have filed a lawsuit against the team and its majority owner, Mat Ishbia. They allege being denied access to internal records, including those tied to the funding of a practice facility.

The lawsuit, filed on Aug. 21 in the Delaware Court of Chancery, comes from Kisco WC Sports II, owned by Andy Kohlberg, and Kent Circle Investments, owned by Scott Seldin. Each were minority owners under Robert Sarver, who in 2023 sold the Suns and Phoenix Mercury basketball teams to Ishbia, the president and CEO of United Wholesale Mortgage (UWM).

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