Jeff Bezos, Bob Iger Among Potential Buyers for Suns, Per Report

As Suns and Mercury owner Robert Sarver prepares to leave his position as owner of the two teams, four people have reportedly emerged as potential buyers for the Suns franchise.

ESPN’s Ramona Shelburne reported that former Amazon CEO Jeff Bezos, former Disney CEO Bob Iger, ex-Oracle CEO Larry Ellison and Wizards minority shareholder Laurene Jobs – the widow of former Apple CEO Steve Jobs – are expected to be in the running. to be next. owner of the franchise.

Sarver announced earlier Wednesday that he has begun “selling” both Phoenix-based teams. More than a week ago, the NBA suspended Sarver for a year and a $10 million fine over a league investigation into workplace misconduct.

The 60-year-old, who owns about 30% of the Suns according to ESPN’s Baxter Holmes, will be in control of the sales process as he prepares to leave his position. Sarver’s group bought the Suns in 2004 for $401 million. Nearly two decades later, the price for the franchise will be far north of what Sarver paid.

Last year, Forbes reported that the franchise was worth $1.8 billion. If the Suns are looking for the highest bidder, the franchise will likely look to Bezos, who currently has over $146.9 billion in wealth to his name.