Phoenix Suns Owner Mat Ishbia Makes a Last-Minute Deal with Oaktree to Save His Ownership Stake In a dramatic turn of events, billionaire finance executive and Phoenix Suns owner Mat Ishbia has reportedly struck a deal with Oaktree Capital Management, a leading global investment firm, to save his ownership stake in the NBA team. The news comes as a surprise, as Ishbia's ownership of the Suns was previously called into question due to his mounting debt and a potential default on a loan from Oaktree. The exact terms of the deal remain unclear, but sources suggest that Ishbia has managed to negotiate a more favorable agreement with Oaktree, potentially averting a sale of the team. The future of the Suns, and Ishbia's role as owner, hangs in the balance as the NBA season approaches.
Billionaire finance executive and Phoenix Suns owner Mat Ishbia forged a last-minute deal with Oaktree
