Phoenix Suns majority owner Mat Ishbia has countersued two Suns minority owners, saying that they insisted he buy out their ownership shares "at an exorbitant premium," according to a copy of the complaint obtained by ESPN.
The lawsuit was filed Tuesday in Delaware State Court. The two Suns minority owners are Scott Seldin and Andy Kohlberg, both of whom were holdovers from the previous regime under former Suns owner Robert Sarver. Seldin and Kohlberg sued the team in August, alleging that Ishbia has refused access to internal records.
ESPN previously reported that the Suns sent a letter in August to Kohlberg and Seldin, in which the team said that the two men demanded that the Suns buy their ownership share for $825 million, a figure that would place the team's value at about $6 bill