Two minority owners of the Phoenix Suns and Phoenix Mercury sued majority owner Mat Ishbia, alleging he mismanaged the team and defrauded other owners to benefit his company, United Wholesale Mortgage.

In a lawsuit filed Monday, two of the team’s minority owners, Andy Kohlberg and Scott Seldin, allege that Ishbia has “grossly mismanaged the company” and “decimated the company’s finances.” They also claim that he attempted to diminish their holdings in the teams.

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