Overview

• Plaintiffs Kisco WC Sports and Kent Circle Investments filed the case on Aug. 21, with a partially redacted complaint made public on Aug. 27.
• They allege Suns management blocked access to financial records and used a June 2 capital call with no advance notice and a low per‑unit price to pressure and dilute minority holders.
• The complaint cites concerns about possible undisclosed side deals and questions whether team funds helped pay for a Phoenix Mercury practice facility.
• A letter from the team’s attorney viewed by Front Office Sports calls the suit a pressure tactic to force a buyout at $825 million for the two stakes, says minorities cannot compel a purchase by Mat Ishbia’s group, and invites them to find another buyer.
• Management has not yet filed a court response; reporting notes potential defenses could include contractual arbitration or NBA grievance procedures, with key details still redacted and disputed.