Phoenix Suns minority owners Scott Seldin and Andy Kohlberg allege that Mat Ishbia’s majority ownership could drop from 83.2% to 32.7% due to claims of financial misconduct regarding capital calls. They argue Ishbia’s tactics, including a $250 million capital call with only ten days’ notice, unfairly diluted their ownership, while Ishbia’s spokesman dismissed the allegations as baseless.
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Mat Ishbia’s Suns Ownership Faces Legal Challenge
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