NEWS: Mat Ishbia's purchase of the Phoenix Suns and Phoenix Mercury at a $4 billion valuation is expected to become official in the next two weeks, with Ishbia assuming control prior to the Feb. 9 NBA trade deadline, sources told @wojespn and me. https://t.co/JIVYoVKkCW

— Baxter Holmes (@Baxter) January 25, 2023

The NBA's Board of Governors is expected to ratify the Ishbia purchase with a vote in early February, sources said. https://t.co/xTPAYhMt8N

— Baxter Holmes (@Baxter) January 25, 2023

Though former Suns owner Robert Sarver was suspended by the league in Sept. 2021, Sarver still retained the authority over the signing, acquisition or trade of any player with a salary in excess of the league-wide average player salary, sources said. https://t.co/dG0haSBMQm

— Adrian Wojnarowski (@wojespn) January 25, 2023