It comes as a surprise that the Phoenix Suns and WNBA Mercury owner Robert Sarver has decided to put the teams on the market.
Just one week after Sarver was handed down a one-year suspension and a $10 million fine, the long time owner has decided to sell the team. Server was under investigation for workplace misconduct.
Evidence was found to support that Sarver would harass male and female employees. Some of the things he said were racist, misogynistic, and very inappropriate. There was even one incident where he exposed his genitals to an employee.
Although the one-year suspension was given, many NBA players believe that the punishment wasn’t harsh enough. NBPA executive director Tamika Tremaglio asked for a lifetime ban.
However, before todays shocking announcement by Sarver, He said he would serve out his suspension. That might have changed when Paypal stated they would not renew their sponsorship of the two Phoenix franchises if Sarver had returned.
With that being said, the Phoenix Suns should sell for more than $2 billion. Since 2014, most NBA franchises that have gone up for sale have sold for more. Even some smaller markets have sold very well.