The move comes days after he was suspended by the NBA over workplace misconduct including racist speech and hostile behavior toward employees.
Robert Sarver says he has started the process of selling the Phoenix Suns and Phoenix Mercury, a move that comes only eight days after he wasover workplace misconduct including racist speech and hostile behavior toward employees.
“But in our current unforgiving climate, it has become painfully clear that that is no longer possible — that whatever good I have done, or could still do, is outweighed by things I have said in the past,” Sarver wrote in a statement. “For those reasons, I am beginning the process of seeking buyers for the Suns and Mercury.”Sarver bought the teams in July 2004 for about $400 million. He is not the lone owner, but the primary one.
It’s not known if Sarver has established an asking price. Forbes recently estimated the value of the Suns at $1.8 billion. Once that report was completed, NBA Commissioner Adam Silver suspended Sarver for one year and fined him $10 million — the maximum allowed by league rule.
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