JOURNAL ARTICLE

Phoenix Suns Sued by Minority Owner to Get Company Records.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Willmer, Sabrina; Feeley, Jef 3 of 3

Abstract

The article discusses a lawsuit filed by minority investors Kisco WC Sports II LLC and Kent Circle Investments LLC against Suns Legacy Holdings LLC, the company that owns the Phoenix Suns NBA team. The lawsuit, initiated in Delaware Chancery Court, claims that a June capital call was part of a strategy to disadvantage minority owners and alleges potential mismanagement and conflicts of interest. The minority investors seek access to company records to investigate these claims, asserting that the capital call's valuation was significantly low and may have involved undisclosed side deals. The case is identified as Kisco WC Sports II, LLC v. Suns Legacy Holdings LLC. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2025
  • Accession Number:187551386
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