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Suns Owner Mat Ishbia Countersues Minority Partners Over Buyout Demands

10/15/2025

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Summary

Story summary

Mat Ishbia, Phoenix Suns majority owner, countersued Scott Seldin and Andy Kohlberg in Delaware, alleging their buyout demand is excessive.
The August suit claimed Ishbia denied access to internal records and sought $825 million for their shares.
Ishbia's spokesperson said the minority owners want a high payout without investing further.
Since November 2024, the Suns have faced multiple lawsuits, including discrimination and harassment.

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Story summary

Mat Ishbia, Phoenix Suns majority owner, countersued Scott Seldin and Andy Kohlberg in Delaware, alleging their buyout demand is excessive.
The August suit claimed Ishbia denied access to internal records and sought $825 million for their shares.
Ishbia's spokesperson said the minority owners want a high payout without investing further.
Since November 2024, the Suns have faced multiple lawsuits, including discrimination and harassment.