A pair of Phoenix Suns minority owners are again suing majority owner Mat Ishbia, this time over alleged misconduct and mismanagement of funds.
The lawsuit filed Monday in a Delaware court and obtained by ESPN alleges Ishbia is using the franchise for his own financial gain and to benefit his other businesses, including United Wholesale Mortgage.
The minority owners say Ishbia allegedly extended a loan to the Suns with an above-average market interest rate. And they say he sold the Sun’s arena naming rights to his own company without disclosing details to minority partners.
The same minority owners recently sued Ishbia and the team for business and financial records. Ishbia described that lawsuit as an intimidation tactic for buyout negotiations.
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Two of the largest ticket services for concerts and live events in the country have been found liable for raising ticket costs and deterring competition away from smaller vendors. -
The sanctions on casinos in the border state of Tamaulipas come after sanctions on some Sonoran casinos last year. -
The Portland Trail Blazers clawed back from an 11-point deficit in the fourth quarter to beat the Phoenix Suns 114-110 in the NBA's play-in tournament on Tuesday night. -
Arizona Snowbowl closed for the season this last weekend after a relatively dry winter. But 6 inches of snowfall in 24 hours led the resort to reopen for Tuesday and Wednesday. -
Phoenix finished No. 7 in the Western Conference and will host the Portland Trail Blazers Tuesday night in a game that will determine who will play the Spurs in the first round.
