New Owner - Mat Ishbia

[taz02]

Losing a few billion isn't likely to impact the team spending under Ishbia.

My concern is that there will now be many pissed off investors and their lawyers analyzing everything. If everything was not done by the book, it could spiral and cause significant issues; lawsuits, SEC Investigations etc.

 

[Mainstreet]

This is what John Gamdadora poster on X (Twitter) yesterday.

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[ASUCHRIS]

I was really excited to have Ish as an owner - the more I see of him, the more concerns I have moving forward.

 

[Ouchie-Z-Clown]

Yes - he no longer has the ability to use his company as a piggy bank anymore, which could affect future flexibility with the Suns.

Waaaay too simplistic. Billionaires (and he’s still considered a billionaire) don’t use cash in hand for anything. They leverage their net worth, deduct mountains of interest and have cash to play with while their actual net worth is locked up in investments. The question will be whether lenders will consider him a viable investment option. I think likely still yes.

 

[Phrazbit]

I wish there was a way to block me from ever seeing "Flex from Jersey" opine about anything ever.

He doesn't know anything about anything. Someone leaked the CP3 trade to him and he's made a 6 year career out of being right one time.

 

[AzStevenCal]

I wish there was a way to block me from ever seeing "Flex from Jersey" opine about anything ever.

He doesn't know anything about anything. Someone leaked the CP3 trade to him and he's made a 6 year career out of being right one time.

Of all the things to waste a wish on. I haven't invested more than 30 seconds of my life on Flex and whether he is an insider or a wannabe so I'll save my wishes for the really important stuff such as making butter a health food. And that "30 seconds" includes the 15 seconds it took me to type and post this message.

 

[ASUCHRIS]

Waaaay too simplistic. Billionaires (and he’s still considered a billionaire) don’t use cash in hand for anything. They leverage their net worth, deduct mountains of interest and have cash to play with while their actual net worth is locked up in investments. The question will be whether lenders will consider him a viable investment option. I think likely still yes.

OK - you and others seem quite confident that this won't have much of an impact on him financially moving forward. I guess we'll see.

 

[AzStevenCal]

OK - you and others seem quite confident that this won't have much of an impact on him financially moving forward. I guess we'll see.

I don't think it's a given either way but I'd lean towards unconcerned.

 

[Superbone]

Of all the things to waste a wish on. I haven't invested more than 30 seconds of my life on Flex and whether he is an insider or a wannabe so I'll save my wishes for the really important stuff such as making butter a health food. And that "30 seconds" includes the 15 seconds it took me to type and post this message.

Phrazbit is the type to end up with a gold wheelchair after his three wishes are complete.

 

[taz02]

OK - you and others seem quite confident that this won't have much of an impact on him financially moving forward. I guess we'll see.

If the investment and its presentation to investors was all above board, it will likely be nothing. Just have to go out and make a few more billion.

If investors feel slighted, which they will and discover something inappropriate which happens often, there could be a real problem.

I'm currently involved with the exact same scenario involving a much larger company and a loss of only 70mil. The investment vehicle was represented as less risky than it actually was resulting in a lawsuit. In this case the company can simply write a check to settle the claim before it gets too ugly.

There's a high chance Ishbia's co. gets sued, I hope they have their ducks in a row and enough capital to cover their @$$ if not.

 

[ASUCHRIS]

If the investment and its presentation to investors was all above board, it will likely be nothing. Just have to go out and make a few more billion.

If investors feel slighted, which they will and discover something inappropriate which happens often, there could be a real problem.

I'm currently involved with the exact same scenario involving a much larger company and a loss of only 70mil. The investment vehicle was represented as less risky than it actually was resulting in a lawsuit. In this case the company can simply write a check to settle the claim before it gets too ugly.

There's a high chance Ishbia's co. gets sued, I hope they have their ducks in a row and enough capital to cover their @$$ if not.

Good explanation - thx.

 

[Adrian]

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[taz02]

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I believe this is a settlement, resulting from a lawsuit filed by minority owners last year.