New

Data through October 19, 2026 · FCB WNBA ownership dataset v3

Mat Ishbia is listed as controlling owner of the Phoenix Mercury (Mat Ishbia and Justin Ishbia), per League release.

Ownership timeline

DateEventDetailSource
February 7, 2023Bundled acquisition (with nba team) approvedRobert Sarver → Mat Ishbia, Justin Ishbia. Bundled; no wnba allocation.League release
February 7, 2023Ownership role on recordprincipal; stake not disclosed.League release
July 18, 2024Facility openedPhoenix Mercury practice facility (Player 15 Group HQ campus)Team release
May 1, 2026Sportico valuation estimate$420M (publisher estimate, not a price)Sportico report
May 4, 2026CNBC valuation estimate$445M (publisher estimate, not a price)CNBC report

New from FCB: 5 dated, sourced events compiled from FCB's ledger into one timeline. Permalink: https://fullcourtbuckets.com/wnba/owners/mat-ishbia/#timeline

Stake and roles compared

Mat IshbiaMat Ishbia

Stake: not disclosed. No investor at any of the 15 active teams has a disclosed stake in FCB's register. Team governor: not yet sourced (1 of 15 governors sourced). NBA relationship: Shared control (Suns).

Sources

Photo: Mat Ishbia.jpg by United1986, CC BY-SA 4.0; cropped by FCB.

Full dataset, methods and corrections: WNBA team owners 2026. Corrections: ryan@fullcourtbuckets.com. License: FCB data and text are free to use and republish (CC0); photos and linked documents keep their own licenses.

How this story was made: Full Court Buckets articles are written by Ryan Moalemi, sometimes with AI assistance, and every stat is checked against official WNBA box scores and the sources cited in the story. How we make Full Court Buckets