US EditionPhoenix Suns, Owner Mat Ishbia Sued by Minority Owners over Access to Internal Records
Minority owners accuse majority owner Mat Ishbia of mismanagement and undisclosed financial dealings, seeking court-ordered access to internal records to protect their investment rights.
- The minority owners of the Phoenix Suns are suing Mat Ishbia for allegedly refusing access to internal records, as stated in the lawsuit obtained by ESPN.
- The lawsuit alleges Ishbia held a capital call on June 2, 2025, to pressure minority owners and possibly dilute their shares.
- Attorneys said transparency is critical for the Suns' success and that their clients are entitled to financial records.
- The Suns claim they have no obligation to buy out the plaintiffs for $825 million, which values the team at about $6 billion.
Insights by Ground AI
Does this summary seem wrong?
44 Articles
44 Articles
WellandTribune.caReposted by 
The Toronto Star
The Toronto StarPhoenix Suns’ minority owners sue Mat Ishbia, alleging mismanagement and lack of transparency
Two minority owners of the Phoenix Suns have sued the team and its controlling owner Mat Ishbia, demanding to see records in order to investigate the status of the team's business and financial condition.
Associated Press News+19 Reposted by 19 other sources
Phoenix Suns' minority owners sue Mat Ishbia, alleging mismanagement and lack of transparency
Two minority owners of the Phoenix Suns have sued the team and controlling owner Mat Ishbia to access records to investigate the team’s business and financial status.
·United States
Read Full Article
Suns, Mat Ishbia getting sued by team’s minority owners over internal records dispute
The Suns and team majority owner Mat Ishbia are facing new legal issues after a pair of minority owners from the previous ownership group have alleged that they had been has refused access to internal records, according to a new lawsuit.
·New York, United States
Read Full Article
Coverage Details
Total News Sources44
Leaning Left16Leaning Right1Center9Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
C 35%
Factuality
To view factuality data please Upgrade to Premium
