When NBA Last week, Robert Sarver was suspended for one year and fined $10 million, and the league also fined him $10 million after the league’s investigation found that the organization discriminated against women by making racist comments, demeaning women, demeaning employees, and having a hostile workplace. Points for the owner Phoenix Sun And Mercury. Defending the severity of the punishment, NBA commissioner Adam Silver said the damage to Server’s reputation was an additional blow that was hard to measure: “There’s a huge public issue surrounding this guy right now.
While that may be true, the ban and the fallout from the character could make Sarver nearly $1 billion richer.
Sarver announced Wednesday He intends to sell both teams Coda would eventually lead both organizations for 18 years. The group’s market share includes high expectations that Suns and Mercury could sell for more than $3 billion, with Sarver, the controlling owner of both firms, making the most of the sale.
Sarver said in a statement: “In our current unforgiving climate, it has become painfully clear that that is no longer possible – any good I have done or can do will outweigh anything I have said in the past.” Announcing the intention to sell. “For those reasons, I will start the process of looking for buyers for Sun and Mercury.