Mortgage executive and former State guard Mat Ishbia is the new majority owner of the and WNBA's Phoenix Mercury, after the 's board of governors approved his plan to purchase the controlling stake of those franchises from Robert Sarver.The league announced the approval Monday night, saying the transaction will be finalized later this week. The vote was 29-0, with the abstaining, according to a person who spoke to The Associated Press on condition of anonymity because the final decision had not yet been announced publicly.
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