"A pair of Phoenix Suns minority owners who were holdovers from the previous regime under former owner Robert Sarver are suing the team, alleging that current Suns owner Mat Ishbia has refused access to internal records, according to a copy of the lawsuit obtained by ESPN. The lawsuit was filed in Delaware on Aug. 21 under seal, and a redacted version was made available Wednesday. The attorneys who filed it represent Kisco WC Sports II and Kent Circle Investments. Andy Kohlberg is the founder, president and CEO of Kisco Senior Living, and Scott Seldin is the president of Kent Circle Partners."
""Our clients sued to obtain records to which they are entitled as minority owners of the Suns," Michael Carlinsky and Michael Barlow of Quinn Quinn Emanuel, who are representing the minority owners, wrote in a statement Wednesday. "They are concerned by the manager's approach towards minority owners, and want more information about certain spending and capital raises in which the manager has engaged. Transparency with minority owners is not optional, and our clients think it is critical to the success of the Suns.""
Kisco WC Sports II and Kent Circle Investments filed a lawsuit in Delaware on Aug. 21 claiming Mat Ishbia and the Phoenix Suns refused access to internal records for minority owners. The filing was initially under seal and later released in redacted form. Plaintiffs Andy Kohlberg and Scott Seldin are former minority partners who did not accept the 2023 buyout that valued the team at $4 billion. The suit seeks information about certain spending and capital raises and asserts that transparency with minority owners is essential to the organization’s success.
Read at ESPN.com
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