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Mat Ishbia remains confident in Phoenix Suns ownership despite United Wholesale Mortgage reporting $622 million in losses.

Mat Ishbia, the owner of the Phoenix Suns and Phoenix Mercury, is maintaining a stable ownership position despite his mortgage-lending firm, United Wholesale Mortgage, reporting significant financial losses this year. The company reported a combined $622 million in losses over the first two quarters, a figure that has raised concerns among some fans and observers. However, Ishbia, who has a net worth of $6.2 billion, is expected to be able to maintain his ownership of the Suns. Analysts suggest that the business struggles of United Wholesale Mortgage are not directly linked to the other's success. Ishbia has demonstrated a willingness to take calculated risks, such as his aggressive investment in the Suns' fan experience and the other team's infrastructure. The Phoenix Suns are currently valued at $4.0 billion, and Ishbia is in the process of buying out the remaining ownership group. He has already invested heavily in the other team's arena and the other team's fan experience, continuing to offer value to the added fans despite rising ticket prices.

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