Embattled Phoenix Suns and Phoenix Mercury owner Robert Sarver announced Wednesday that he will seek buyers for the Phoenix Suns and Mercury basketball teams.
“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 the statement.
“I do not want to be a distraction to these two teams and the fine people who work so hard to bring the joy and excitement of basketball to fans around the world. I want what's best for these two organizations, the players, the employees, the fans, the community, my fellow owners, the NBA and the WNBA. This is the best course of action for everyone.
“In the meantime, I will continue to work on becoming a better person, and continuing to support the community in meaningful ways. Thank you for continuing to root for the Suns and the Mercury, embracing the power that sports has to bring us together.” Sarver bought the Suns for $401 million in 2004, and the team now is valued at approximately $1.8 billion, according to Forbes. He is the franchise’s largest stakeholder at nearly 35%.
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