An assortment of billionaire former CEOs have emerged as potential buyers after Robert Sarver announced that he is selling the Phoenix Suns and Mercury.
The former Disney DIS CEO Bob Iger, former Oracle ORCL CEO Larry Ellison, and Laurene Jobs, the widow of Apple AAPL co-founder and former CEO Steve Jobs are some of the people who may consider a bid, according to Amazon AMZN founder and former CEO Jeff Bezos.
The market for NBA teams has been active for a long time.
Ellison, the seventh-richest person with $93.5 billion, would have no difficulty matching a bid, as only three people in the world can match Bezos' net worth of $140.7 billion, according to Forbes. Iger showed interest in buying the team last year.
Sarver owns approximately 35% of the Suns, but he has the authority to sell the team in full due to his status as a managing partner. He will be in charge of the sale process and selection of bids, though the incoming owner will have to be approved by the other NBA owners.
The sale process is expected to take several months.
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