Mat Ishbia is listed as controlling owner of the Phoenix Mercury (Mat Ishbia and Justin Ishbia), per League release.
Ownership timeline
| Date | Event | Detail | Source |
|---|---|---|---|
| February 7, 2023 | Bundled acquisition (with nba team) approved | Robert Sarver → Mat Ishbia, Justin Ishbia. Bundled; no wnba allocation. | League release |
| February 7, 2023 | Ownership role on record | principal; stake not disclosed. | League release |
| July 18, 2024 | Facility opened | Phoenix Mercury practice facility (Player 15 Group HQ campus) | Team release |
| May 1, 2026 | Sportico valuation estimate | $420M (publisher estimate, not a price) | Sportico report |
| May 4, 2026 | CNBC 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
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
- https://mercury.wnba.com/news/phoenix-mercury-opens-100-million-58000-square-foot-state-of-the-art-practice-facility · archive.org lookup
- https://www.cnbc.com/2026/05/04/5-phoenix-mercury.html · archive.org lookup
- https://www.nba.com/suns/news/mat-ishbia-assumes-controlling-ownership-interest-of-phoenix-suns-and-phoenix-mercury · archive.org lookup
- https://www.sportico.com/valuations/teams/2026/wnba-team-values-2026-valkyries-liberty-fever-1234891620/ · archive.org lookup
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

