When Mat Ishbia acquired a majority stake in the Phoenix Suns, he offered to buy out 14 of the 16 minority owners, leading to a lawsuit from Kisco WC Sports and Kent Circle Investments over transparency issues regarding team operations and financial decisions. They are seeking court approval to investigate potential violations of their rights as minority owners and conflicts of interest, with implications for their share values and possible future sales.
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Two Suns minority owners sue team, focused on owner Mat Ishbia, over transparency
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