A pair of Phoenix Suns minority owners allege that Mat Ishbia is using the franchise as "his personal piggy bank" and that the Suns governor has sunken a once profitable team team into the red, according to a lawsuit claiming misconduct and mismanagement by Ishbia.

The filing in Delaware State Court, which was made public Monday and obtained by ESPN, is the latest turn in an ongoing legal battle between Ishbia, who bought the team in 2023 from embattled former majority owner Robert Sarver, and Scott Seldin and Andy Kohlberg, who are holdovers from the previous ownership regime under Sarver.

Seldin and Kohlberg sued the team in August, alleging that Ishbia refused access to internal records and that he held a capital call on June 2, 2025, "to exert pressure on and dilute" the ownership

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