Suns owner Mat Ishbia says mortgage company woes will have no effect on basketball

Phoenix Suns owner Mat Ishbia has stated that financial woes at his mortgage company will have no impact on basketball spending. United Wholesale Mortgage (UWM), owned by Ishbia, experienced a reported $450 million net loss in the second quarter, raising concerns about its financial health. Despite this, Ishbia remains committed to spending money on the Phoenix Suns and the Phoenix Mercury WNBA team, which he purchased for $4 billion in 2022.

He dismisses speculation that the mortgage company's financial struggles will affect the basketball team's operations or fan experience, emphasizing that UWM still employs 9,000 people and is in a strong position moving forward.