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The only two remaining delays Phoenix Suns‘Previous Government Group under Robert Sarver suits a team, and introducing that the current owner of Mat Ishbia refused access to internal records, in accordance with the copy of the litigation ESPN received.
The lawsuit, submitted by 21. August, filed lawyers who represent companies associated with the owners of sunny minorities Andi Kohlberg and Scott Seldin. Kohlberg and Seldin are the only minority owners from Sarver’s group who did not take their share of the sun when it was in 2023. years bought Ishbia.
“Our clients sued the records they are entitled to as minority owners of sunny,” said in Statement in Statement on Wednesday, said in Statement on Wednesday, said in Statement on Wednesday. “They deal with access managers towards minority owners and wanting more information about certain consumption and capital in which the manager hired. Transparency with minority owners is not optional, and our clients are crucial for the sun’s success.”
In the appeal, lawyers state that Kohlberg began to negotiate the redemption with an advisor in September 2024. years. Years. The talks continued on the request for the final response from Ishbijbi to 1. June. Lawyers per day (2. June) In order to be a capital call a day (2. June) that “ownership overcome and dilute” ownership of “ownership of” ownership of “minority ownership.
Lawyers also state that Ishbia “may have entered undiscovered parties with other members (Suns), including lateral bids, which relate to a capital call.” They claim that they failed to receive information on SUNS expenditures, and also asked the funding of Mercury’s $ 100 million, which presented the team 2024. Years.
They say that the Ishby refused to provide any information on how funded the plant. He said that the team was “in line with his duties in accordance with the agreement of LLC.”
Lawyers who represent the sun and Ishbius sent a letter to lawyers representing Kohlberg and Seldin, who also got ESPN. In the said letter, the sun states that Kohlberg and Seldin were looking for the sun to buy their proprietary share for $ 825 million, the number that would put the value of the sun at about $ 6 billion. This would be an increase of 60% when Ishbi bought its control interest in 2023. The sun said they had no obligation to buy them.
“You are not wrong, (Ishbia) does not intend to reduce or slow down its investment in the company and its teams,” says the letter. “In contrast, (Ishbia) will continue to do everything necessary to conquer the championships, if your clients should share the same priorities, they may be shared by these same priorities, may be attempted to sell in accordance with the conditions of agreements on the Parties.”
This lawsuit marks the sixth against Suns Organization since November 2024. years. The previous five, who made the current or former employees include allegations of discrimination, retaliation, harassment and injustice.
