Suns minority owners accuse Mat Ishbia of financial misconduct

In a high-profile legal battle involving the Phoenix Suns, minority owners Andy Kohlberg and Scott Seldin have accused majority owner Mat Ishbia of mismanaging the franchise and using capital calls to pressure them into selling their shares. Their attorney, Michael Carlinsky, claims Ishbia’s actions constitute fraud and breach of fiduciary duty, alleging he used the team for personal gain. Ishbia denies these accusations, describing the lawsuit as a “shameless shakedown,” and insists he is committed to investing in the team. The ongoing dispute raises speculation about a potential buyout of Kohlberg and Seldin by Ishbia amidst the legal proceedings.