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Story summary
- Two Phoenix Suns minority owners, Andrew Kohlberg and Scott Seldin, filed a lawsuit against majority owner Mat Ishbia alleging fraud and mismanagement.
- They allege Ishbia used the team as a personal piggy bank and threatened to dilute their stakes.
- The filing cites self-dealing through high-interest loans and undisclosed transactions.
- Ishbia's spokesperson described the suit as a "shameless shakedown" and noted substantial investment in the team.
