Story perspectives
Suns Owner Accused of Using Team as 'Piggy Bank'
12/10/2025
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Story summary
- A court filing in a lawsuit against Mat Ishbia, owner of Phoenix Suns, alleges he used the Phoenix Suns as a 'personal piggy bank' and did not fund $250 million capital call, risking his majority ownership.
- Minority owners Scott Seldin and Andy Kohlberg say Ishbia forced them to cover 38% of call despite holding 13%.
- Ishbia's spokesman dismissed the allegations as 'ridiculous'.
- Lawsuits reflect ongoing tensions since November 2024.
