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Fans are excited over the future of the Suns under Mat Ishbia

The Michigan State s Mat Ishbia and the rest of the 2000 national championship team is recognized during half time of the Spartans game against Maryland on Saturday, Feb. 15, 2020, at the Breslin Center in East Lansing. 200215 Msu Champs Honored 009a
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Early Tuesday morning, it was announced that the Phoenix Suns were finalizing a deal with billionaire Mat Ishbia to purchase the franchise.

With this purchase, Ishbia would become the youngest owner in NBA history at age 42.

Mat is currently the CEO of United Wholesale Mortgage, which currently has a market cap of over $6 billion. At first, UWM only had 12 employees, however, this number has grown to over 7,200.

Joe Pompliano released an excellent thread on Twitter describing the details surrounding Ishbia’s personal life and rise to riches.

This deal was the largest in NBA history, topping the previous record of $3.3 billion set by Joe Tasi and the Brooklyn Nets.

The Suns’ complete value jumped from $1.8 billion all the way to $4 billion in less than a year and a half.

And fans love this opportunity to really expand this franchise exponentially, given the money that is available.

Ishbia got some shoutouts from some pretty big names, including Hall of Famer Magic Johnson.

Johnson had some big praise for Mat; they played together at Michigan State and won the national championship in 2000.

It is an exciting time to be a Phoenix Suns fan, and the future is looking extremely bright in the valley.

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