Robert Sarver announced Wednesday that he has begun the process of selling the Phoenix Suns and Phoenix Sun Mercury, eight days after the NBA suspended him for workplace misconduct, racist language, and hostile behavior toward employees. Decision taken.
Sarwar said the sale was the best move, “though he initially wanted to retain control of the franchise, emphasizing that his career reflects another image of himself.”
But in today’s forgiving environment, it is abundantly clear that it is no longer possible “that all the good things I have done or have done so far exceed the things I have said in the past,” Sarwar said in a statement. wrote in the statement. Cause, I have started the process of finding buyers from Sun and Mercury.
Sarwar acquired the franchise in July 2004 for approximately $400 million. He is not the sole owner, but the main one.
Assuming no other team has been put up for sale at the same time, this will be the first sale in the NBA since a consortium led by software company Qualtrics co-founder Ryan Smith bought the Utah Jazz for about $1.7 billion in 2021. Bought in dollars. Dollar.
It is unknown whether Sarvar has set the purchase price. Forbes recently estimated Sons’ worth at $1.8 billion.
An independent investigation ordered by the NBA last November and which took 10 months to complete revealed that Sarwar repeated or attempted to repeat the N-word on at least five occasions during his tenure with the Suns. However, he noted that this was not found in the investigation. Sarwar has used this racially insensitive language with the intention of demeaning or defaming.
The investigation also found that Sarwar used derogatory language towards women in the workplace. A case was registered in which she told a pregnant worker that she was unable to perform her duties after giving birth. He also made inappropriate comments and jokes about sex and physical anatomy; and insulting employees in a manner that may be construed as harassment under workplace rules.
Once the report was complete, NBA commissioner Adam Silver suspended Sarver for one year and fined him $10 million, the maximum established in league rules.