Phoenix Suns is an American professional basketball team based in Phoenix. The Suns have been around since 1968. They play in the National Basketball Association (NBA) and have won three Western Conference titles (1976, 1993, and 2021).
The Suns’ first few seasons were pretty good, and they showed off the talents of “the Original Sun” Dick Van Arsdale and future Hall of Famer Connie Hawkins. In 1976, a 42–40 Phoenix team with longtime fan favorites Alvan Adams and Paul Westphal went on a surprising postseason run.
The “Sunderalla” Suns won upsets in the first two rounds to reach the NBA finals, where they played the Boston Celtics in a thrilling six-game series. In game five of the finals, there was a shootout that went on for three overtimes, but the Suns were too weak and lost in the sixth game. In 1977, the Suns picked Walter Davis in the draft. During his 11 years with the team, Davis broke the record for most points scored by a player on that team.
However, Suns owner Robert, who is suspended by NBA, is ready to sell the team, blaming an “unforgiving climate,” Sarver told in a statement Wednesday that he is unable to separate his “personal” controversies from the NBA and WNBA teams. Suns Legacy Partners supported his decision.
Deep dive into the article to know more about the Phoenix Suns Net Worth and who are in the race of purchasing the time.
Know About Phoenix Suns’ Net Worth
According to Forbes, the Phoenix suns’ has net worth was $1.8 Billion in October 2021.
In July 2021, Dyal HomeCourt Partners, a private equity firm, bought a stake in the Suns that was worth less than 5% of the team. The deal gave the team a minority discount value of $1.55 billion and a grossed-up (controlling interest) value of about $1.8 billion.
Even though it was announced in July 2021, the $1.55 billion minority interest deal between Dyal and the Suns was priced back before the end of 2020.
Two Notable Personalities Appearing In The Sale
ESPN NBA analyst Ramona Shelburne has stated that Amazon chairman Jeff Bezos and former Disney CEO Bob Iger have both been mentioned in connection with the possible sale of the team.
Shelburne anticipates a “new outside owner” to take over operations in Phoenix. According to her, it would take at least a few months for everything to settle down.
In 2004, Sarver paid a total of $400 million to acquire the Sun and the WNBA’s Mercury. Bezos’s fortune is valued at $148.1 billion.
Laurene Jobs, the widow of former Apple CEO Steve Jobs, a minority owner of the Washington Wizards, and ex-Oracle CEO Larry Ellison have also been suggested as possible bidders.
Some Interesting Facts About The Pheonix Suns
The Suns are one of three teams that play in the city of Phoenix, along with the Arizona Diamondbacks and the Phoenix Mercury. They share Footprint Center with the Mercury. The Arizona Cardinals and Phoenix Coyotes play in the suburb of Glendale.
Only the rival Los Angeles Lakers, the San Antonio Spurs, and the Boston Celtics have a better regular season win percentage than the Suns.
The Suns have an orange jersey, just like the Charlotte Bobcats and the Golden State Warriors.
In the 1974 movie “Mixed Company,” Joseph Bologna played a hapless Phoenix Suns coach who had a hard time balancing the demands of coaching a bad team with the even greater demands of his family adopting mixed-race orphans.