Overview
- Scott Seldin and Andy Kohlberg made public an answer and complaint on Monday that expands their lawsuit against the Suns governor, following his October countersuit.
- The filing alleges self‑dealing through an above‑market loan, a United Wholesale Mortgage arena naming‑rights sale, a lease involving the Mercury practice facility, and a new 'Player 15 Group' entity.
- Owners cite the arena’s recent renaming under a reported 10‑year deal worth nearly $115 million with Ishbia’s mortgage company, saying terms were not disclosed to them.
- The plaintiffs say Ishbia missed a June 2 capital‑call deadline and later used a June 9 debt‑to‑equity conversion to cover part of his obligation; team representatives dispute any lateness and say documents will support their position.
- The filing claims the Suns and Mercury have run at a net loss since 2023, while Ishbia and the team call the case a 'shakedown' and point to major investments, fan‑focused initiatives, and rising franchise valuation as the dispute proceeds in Delaware.