In 2004, Robert Sarver paid $401 million for the Phoenix Suns; 18 years later, he sold the team to Mat Ishbia for $4 billion

In 2004, Robert Sarver joined a group that bought the Phoenix Suns for $401 million, setting a record for an NBA franchise. Nearly two decades later, ownership changed hands in a deal valued at $4 billion, marking a chapter in the professional basketball business.

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