Mat Ishbia could tap Suns stake for a billion-dollar cash infusion
A source notes that UWM generates $100-$200 million each quarter, with Ishbia owning almost all of it, and says he could sell a 20% share of the Suns for roughly a billion dollars if needed.
UWM reportedly brings in between $100 million and $200 million per quarter, and Ishbia holds nearly 90% of the company. The same source suggests that, should a financial shortfall arise, Ishbia could raise about a billion dollars by selling a fifth of his ownership in the Phoenix Suns to a private-equity firm. The valuation of the franchise underpins this potential transaction. No immediate plans to sell have been announced.
Why it matters
It shows how Ishbia could leverage his Suns ownership to secure large liquidity if needed.
In this story
UWM earningsquarterly profitownership stakeprivate equityteam valuationfinancial liquidity
