Two minority owners of the Phoenix Suns, Kisco WC Sports II and Kent Circle Investments, have accused majority owner Mat Ishbia of fraud for failing to meet a June capital call deadline, alleging he concealed this from other owners while partially funding his share later. Ishbia’s spokesman called the claims unfounded, asserting that he has significantly invested in the franchise, while the team labeled the lawsuit a “shameless shakedown.”
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Suns Minority Owners Accuse Mat Ishbia of Fraud Allegations of Missed Capital Call Deadline
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