Owner Robert Sarver has announced the sale of his NBA franchise, the Phoenix Suns. The 60-year-old announced this decision in a statement on Wednesday.
The NBA suspended Sarver for a year last week and fined him $10 million for racism and misogyny.
“In our current unforgiving climate, it’s become painfully clear that anything good I’ve done or can do is outweighed by things I’ve said in the past,” said Sarver, who also owns the WNBA Women’s Professional League. PhoenixMercury.
Therefore, the American is now looking for potential buyers for both franchises.
NBA Commissioner Adam Silver welcomed the decision in a brief statement. “This is the right next step for the organization and the community,” Silver said.
Sarver purchased the Suns in July 2004 for $400 million at the time Forbes valued at $1.8 billion. While Sarver isn’t the sole owner of the franchise, he is loud. ESPN he can decide on the complete sale of the team.