Robert Sarver: Difference between revisions
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'''Robert Gary Sarver'''<ref>{{cite web |title=Top Buys by Top Brass: Executive Chairman Sarver's $1.9M Bet |url=https://www.nasdaq.com/articles/top-buys-by-top-brass:-executive-chairman-sarvers-$1.9m-bet-on-wal |website=NASDAQ |access-date=17 October 2022}}</ref> (born October 31, 1961) is an American businessman, co-founder of [[Southwest Value Partners]], a real estate development company, and the |
'''Robert Gary Sarver'''<ref>{{cite web |title=Top Buys by Top Brass: Executive Chairman Sarver's $1.9M Bet |url=https://www.nasdaq.com/articles/top-buys-by-top-brass:-executive-chairman-sarvers-$1.9m-bet-on-wal |website=NASDAQ |access-date=17 October 2022}}</ref> (born October 31, 1961) is an American businessman, co-founder of [[Southwest Value Partners]], a real estate development company, and the former owner of the [[Phoenix Suns]], [[Phoenix Mercury]], and [[RCD Mallorca]]. |
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==Early life and education== |
==Early life and education== |
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Sarver was born in [[Tucson]] to Irene and Jack Sarver. Sarver is Jewish.<ref name=ArizonaJewishPost>{{cite news|url=http://azjewishpost.com/2011/wandering-jews-former-tucsonans-thrive-in-new-locales-robert-sarver/|work=Arizona Jewish Post|title=Wandering Jews: Former Tucsonans thrive in new locales – Robert Sarver|date=September 15, 2011|access-date=November 30, 2017}}</ref> His father was a prominent [[Tucson]] businessman, banker, and hotel developer (the elder Sarver built the [[Aztec Inn]], the Plaza International Hotel (now an [[Aloft Hotels|Aloft Hotel]]) at Speedway and Campbell in Tucson |
Sarver was born in [[Tucson]] to Irene and Jack Sarver. Sarver is Jewish.<ref name=ArizonaJewishPost>{{cite news|url=http://azjewishpost.com/2011/wandering-jews-former-tucsonans-thrive-in-new-locales-robert-sarver/|work=Arizona Jewish Post|title=Wandering Jews: Former Tucsonans thrive in new locales – Robert Sarver|date=September 15, 2011|access-date=November 30, 2017}}</ref> His father was a prominent [[Tucson]] businessman, banker, and hotel developer (the elder Sarver built the [[Aztec Inn]], the Plaza International Hotel (now an [[Aloft Hotels|Aloft Hotel]]) at Speedway and Campbell in Tucson in the early 1970s,<ref>[http://www.azstarnet.com/sn/biz-topheadlines/237586 Arizona Daily Star article on the former Plaza International Hotel, built by Robert Sarver's father] {{Dead link|date=November 2017}}</ref> built and operated the Tucson area [[Howard Johnson's]] locations, and headed American Savings & Loan Ass'n. as its CEO. |
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Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate funds to his alma mater, the [[University of Arizona]]'s heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father.<ref>[http://www.heart.arizona.edu/aboutCenter/the-sarvers.htm "Sarver Heart Center bio on Robert Sarver"]. {{webarchive|url=https://web.archive.org/web/20080821004301/http://heart.arizona.edu/aboutCenter/the-sarvers.htm|date=August 21, 2008}}. Retrieved February 21, 2022.</ref> At age 16, he went to work for his father's company, [[American Savings and Loan]].<ref name=TucsonCitizen>{{cite web|last=Rivera|first=Steve|url=http://tucsoncitizen.com/morgue2/2005/04/23/201068-having-a-blast/|title=Having a Blast|work=[[Tucson Citizen]]|date=April 23, 2005|access-date=November 30, 2017}}</ref> Sarver is a 1979 graduate of [[Sabino High School]] in Tucson, and a 1982 graduate of University of Arizona with a bachelor's degree in business administration.<ref name=TucsonCitizen/> In 1983, Sarver became a [[certified public accountant]].<ref name=TucsonCitizen/> |
Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate funds to his alma mater, the [[University of Arizona]]'s heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father.<ref>[http://www.heart.arizona.edu/aboutCenter/the-sarvers.htm "Sarver Heart Center bio on Robert Sarver"]. {{webarchive|url=https://web.archive.org/web/20080821004301/http://heart.arizona.edu/aboutCenter/the-sarvers.htm|date=August 21, 2008}}. Retrieved February 21, 2022.</ref> At age 16, he went to work for his father's company, [[American Savings and Loan]].<ref name=TucsonCitizen>{{cite web|last=Rivera|first=Steve|url=http://tucsoncitizen.com/morgue2/2005/04/23/201068-having-a-blast/|title=Having a Blast|work=[[Tucson Citizen]]|date=April 23, 2005|access-date=November 30, 2017}}</ref> Sarver is a 1979 graduate of [[Sabino High School]] in Tucson, and a 1982 graduate of University of Arizona with a bachelor's degree in business administration.<ref name=TucsonCitizen/> In 1983, Sarver became a [[certified public accountant]].<ref name=TucsonCitizen/> |
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===Phoenix Suns=== |
===Phoenix Suns=== |
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A lifelong sports fan, Sarver's quest to purchase an NBA team began with a conversation with [[University of Arizona]] basketball coach [[Lute Olson]]. Olson referred Sarver to [[Steve Kerr]], a former player at Arizona and a 15-year NBA veteran, to assist him in buying an NBA franchise. In 2004, he purchased the [[Phoenix Suns]] for a then-record $401 million.<ref name=TucsonCitizen/> |
A lifelong sports fan, Sarver's quest to purchase an NBA team began with a conversation with [[University of Arizona]] basketball coach [[Lute Olson]]. Olson referred Sarver to [[Steve Kerr]], a former player at Arizona and a 15-year NBA veteran, to assist him in buying an NBA franchise. In 2004, he purchased the [[Phoenix Suns]] for a then-record $401 million.<ref name=TucsonCitizen/> |
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⚫ | In 2020, Sarver and the Suns collaborated with [[Verizon Communications|Verizon]] on a state of the art, 53,000-square foot practice arena called the Verizon 5G Performance Center.<ref>{{Cite web|title=Phoenix Suns, Verizon 5G Performance Center - Work - ZGF|url=https://www.zgf.com/work/1854-phoenix-suns-verizon-5g-performance-center|access-date=2021-10-27|website=www.zgf.com}}</ref> The $45 million facility uses [[5G]] technology to merge computer-aided motion analysis, player and ball tracking, and shot tracking to provide precise information to players and coaches.<ref>{{Cite web|date=2021-08-05|title=Game changer: How the Phoenix Suns and Verizon 5G are transforming sports|url=https://www.verizon.com/about/news/game-changer-phoenix-suns-verizon-5g|access-date=2021-10-27|website=www.verizon.com|language=en}}</ref> In 2021, Sarver and the Suns oversaw a $230 million renovation and expansion of [[Footprint Center]], formerly known as [[Talking Stick Arena]].<ref>{{Cite web|last=Young|first=Jabari|date=2021-07-16|title=Phoenix Suns arena will be named Footprint Center in 'one of the most unique partnerships in sports'|url=https://www.cnbc.com/2021/07/16/phoenix-suns-arena-will-be-called-footprint-center.html|access-date=2021-10-27|website=CNBC|language=en}}</ref> The renovations include ultra-modern amenities, premium seating options, themed bars, new suites, and additional social spaces. On top of the physical changes to the arena, there has been an overhaul to the game presentation including enhancements to sound, lighting and video systems.<ref>{{Cite web|title=Footprint Center Modernization|url=https://www.hok.com/projects/view/phoenix-suns-arena-modernization/|access-date=2021-10-27|website=HOK|language=en-US}}</ref> The modernization also included significant improvements to the arena's infrastructure.<ref>{{Cite web|title=Phoenix Suns start a new 'green' era at the Footprint Center|url=https://www.azfamily.com/sports/phoenix_suns/suns-go-green-at-footprint-center/article_dd8d7bb6-3215-11ec-934a-e7c2c819e920.html|access-date=2021-10-27|website=AZFamily|language=en}}</ref> |
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After [[Steve Kerr]] left the Suns under his general manager spot at the time in July 2010, Sarver sought to make moves for the Suns as the equivalent of an interim general manager or president of basketball operations during that time period. In this brief period, he made the controversial decision of letting star power forward [[Amar'e Stoudemire]] go to the [[New York Knicks]] due to him not wanting Stoudemire's salary to be fully guaranteed by the Suns, partially due to his injury concerns at the time. This led to Sarver making the equally controversial moves of replacing Stoudemire with [[Josh Childress]], [[Hakim Warrick]], and [[Hedo Türkoğlu]] (the last of whom was acquired in exchange for another long-time Suns player, this time being point guard [[Leandro Barbosa]], and [[Dwayne Jones (basketball)|Dwayne Jones]]) in what revolved around nothing but [[sign-and-trade deal]]s before ultimately hiring player agent [[Lon Babby]] as the team's President of Basketball Operations in July 2010 and then replacing Steve Kerr's general manager position with former [[San Antonio Spurs]] director of scouting [[Lance Blanks]] in August 2010. This kickstarted a decade-long playoff drought for the Suns during the 2010's decade. |
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⚫ | In 2021, the Suns reached the [[NBA Finals]] for the first time since [[1993 NBA Finals|1993]]. Despite strong play from their young core, the Suns eventually lost to the Bucks 4–2. Though overlooked as potential championship contenders at the start of the season, the Suns, built by Sarver, general manager [[James Jones (basketball, born 1980)|James Jones]], and coach [[Monty Williams]], have quickly developed into one of the strongest organizations in the [[NBA]].<ref>{{Cite web|last=Hoops|first=Zona|date=2021-10-20|title=The Suns will have a target on their back all season|url=https://www.brightsideofthesun.com/2021/10/20/22729171/the-suns-will-have-a-target-on-their-back-all-season|access-date=2021-10-27|website=Bright Side Of The Sun|language=en}}</ref> |
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⚫ | In 2020, Sarver and the Suns collaborated with [[Verizon Communications|Verizon]] on a state of the art, 53,000-square foot practice arena called the Verizon 5G Performance Center.<ref>{{Cite web|title=Phoenix Suns, Verizon 5G Performance Center - Work - ZGF|url=https://www.zgf.com/work/1854-phoenix-suns-verizon-5g-performance-center|access-date=2021-10-27|website=www.zgf.com}}</ref> The $45 million facility uses [[5G]] technology to merge computer-aided motion analysis, player and ball tracking, and shot tracking to provide precise information to players and coaches.<ref>{{Cite web|date=2021-08-05|title=Game changer: How the Phoenix Suns and Verizon 5G are transforming sports|url=https://www.verizon.com/about/news/game-changer-phoenix-suns-verizon-5g|access-date=2021-10-27|website=www.verizon.com|language=en}}</ref> In 2021, Sarver and the Suns oversaw a $230 million renovation and expansion of [[Footprint Center]], formerly known as [[Talking Stick |
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⚫ | In |
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=== Phoenix Mercury === |
=== Phoenix Mercury === |
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Founded in 1997 by former Suns owner [[Jerry Colangelo]], Sarver purchased the [[WNBA]] team alongside the [[Phoenix Suns]] in 2004.<ref>{{Cite web|first=Karli|last=Matthias|date=2020-04-27|title=16 years ago, Sarver purchased Phoenix Suns for record $401 million|url=https://cronkitenews.azpbs.org/2020/04/27/sarver-purchased-phoenix-suns/|access-date=2021-10-27|website=Cronkite News - Arizona PBS|language=en-US}}</ref> One of the original eight franchises created at the founding of the WNBA for the inaugural 1997 season, the [[Phoenix Mercury]] are one of only three remaining in the current 12-team league to this day (along with the [[New York Liberty]] and [[Los Angeles Sparks]]).<ref>{{Cite web|title=History|url=https://www.wnba.com/history/|access-date=2021-10-27|website=WNBA.com - Official Site of the WNBA|language=en}}</ref> Of the twelve current [[WNBA]] teams, only five share the same majority owner as their NBA counterpart ([[Indiana Fever]], [[Minnesota Lynx]], [[New York Liberty]], Phoenix Mercury, and [[Washington Mystics]]).<ref>{{Cite web|last=Tracy|first=Jeff|date=March 1, 2021|title=Breaking down the WNBA's new ownership landscape after sale of Atlanta Dream|url=https://www.axios.com/wnba-owners-atlanta-dream-1a109779-06c1-474b-9714-b330f0ed1ba0.html|url-status=live|website=Axios}}</ref> Under Sarver's ownership, the Mercury have won three WNBA championships (2007, 2009, 2014) and won conference titles four times, including during the 2021 season (2007, 2009, 2014, 2021).<ref>{{Cite web|date=2021-10-09|title=Phoenix Mercury punch ticket to the Finals in front of record-setting crowd|url=https://www.espn.com/wnba/story/_/id/32363951/wnba-playoffs-2021-phoenix-mercury-punch-ticket-finals-front-record-setting-crowd|access-date=2021-10-27|website=ESPN.com|language=en}}</ref><ref>{{Cite web|title=Phoenix Mercury|url=https://www.basketball-reference.com/wnba/teams/PHO/|access-date=2021-10-27|website=Basketball-Reference.com|language=en}}</ref> |
Founded in 1997 by former Suns owner [[Jerry Colangelo]], Sarver purchased the [[WNBA]] team alongside the [[Phoenix Suns]] in 2004.<ref>{{Cite web|first=Karli|last=Matthias|date=2020-04-27|title=16 years ago, Sarver purchased Phoenix Suns for record $401 million|url=https://cronkitenews.azpbs.org/2020/04/27/sarver-purchased-phoenix-suns/|access-date=2021-10-27|website=Cronkite News - Arizona PBS|language=en-US}}</ref> One of the original eight franchises created at the founding of the WNBA for the inaugural 1997 season, the [[Phoenix Mercury]] are one of only three remaining in the current 12-team league to this day (along with the [[New York Liberty]] and [[Los Angeles Sparks]]).<ref>{{Cite web|title=History|url=https://www.wnba.com/history/|access-date=2021-10-27|website=WNBA.com - Official Site of the WNBA|language=en}}</ref> Of the twelve current [[WNBA]] teams, only five share the same majority owner as their NBA counterpart ([[Indiana Fever]], [[Minnesota Lynx]], [[New York Liberty]], Phoenix Mercury, and [[Washington Mystics]]).<ref>{{Cite web|last=Tracy|first=Jeff|date=March 1, 2021|title=Breaking down the WNBA's new ownership landscape after sale of Atlanta Dream|url=https://www.axios.com/wnba-owners-atlanta-dream-1a109779-06c1-474b-9714-b330f0ed1ba0.html|url-status=live|website=Axios}}</ref> Under Sarver's ownership, the Mercury have won three WNBA championships (2007, 2009, 2014) and won conference titles four times, including during the 2021 season (2007, 2009, 2014, 2021).<ref>{{Cite web|date=2021-10-09|title=Phoenix Mercury punch ticket to the Finals in front of record-setting crowd|url=https://www.espn.com/wnba/story/_/id/32363951/wnba-playoffs-2021-phoenix-mercury-punch-ticket-finals-front-record-setting-crowd|access-date=2021-10-27|website=ESPN.com|language=en}}</ref><ref>{{Cite web|title=Phoenix Mercury|url=https://www.basketball-reference.com/wnba/teams/PHO/|access-date=2021-10-27|website=Basketball-Reference.com|language=en}}</ref> |
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During [[Brittney Griner]]'s 2022 arrest and imprisonment in Russia, Sarver promoted the #FreeBG hashtag throughout the home court floors of both the Mercury throughout the [[2022 WNBA season]] and the Suns throughout the 2022 year as a means to show support for her and to be brought back to the U.S.A. safely, as soon as possible.<ref>https://www.ocregister.com/2022/12/08/swanson-with-brittney-griners-freedom-wnba-shows-its-might/</ref> While Griner was not released in time to play for the Mercury in the 2022 season, she was able to be released on December 8, 2022 through the [[Brittney Griner–Viktor Bout prisoner exchange]], becoming arguably the first black woman the U.S.A. cared to consider diplomatic efforts and a [[prisoner swap]] to free from another nation's clutches.<ref>https://www.theroot.com/brittney-griner-is-the-1st-black-woman-america-thought-1849871178</ref> |
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===RCD Mallorca=== |
===RCD Mallorca=== |
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In January 2016, Sarver bought |
In January 2016, Sarver bought football team [[RCD Mallorca]], at the time in the Spanish second division, for €20 million.<ref>[http://www.marca.com/en/football/spanish-football/2016/01/05/568c1363ca4741ad338b4584.html Steve Nash buys majority stake in Mallorca] Marca. January 5, 2016. Retrieved August 23, 2018.</ref> Under his poor management early on, the team was briefly demoted to the [[Segunda División B]] (the Spanish third division) for the 2017-18 season before returning to the second division the next season. RCD Mallorca returned to [[La Liga]] (the Spanish first division) during the 2019-20 season, though they returned to the [[Segunda División]] the following season. They have since returned to La Liga as of 2021 and have stayed there for at least another season onward. |
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== Controversies == |
== Controversies == |
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Sarver has been criticized |
Sarver has been criticized by current and former employees, agents, and rival executives "of being of an interventionist owner with more authority than expertise, a front office marred by instability, an understaffed scouting department, and a dated facility that isolates the decision-makers from the players and coaches".<ref>{{Cite web |date=2019-03-04 |title=Inside the Phoenix Suns' messy and dysfunctional front office |url=https://www.espn.com/nba/story/_/id/26088024/inside-phoenix-suns-messy-dysfunctional-front-office |access-date=2021-10-22 |website=ESPN.com |language=en}}</ref> |
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On November 4, 2021, Sarver and the Suns were the subject of a report written by Baxter Holmes |
On November 4, 2021, Sarver and the Suns were the subject of a report written by Baxter Holmes on [[ESPN]], which accused Sarver and members of the front office of racist and misogynistic behavior, including allegedly requiring [[Earl Watson|a coach]] to fire [[Rich Paul|a minority agent]] and allegedly announce his preference for extra-large condoms at a staff meeting.<ref>{{Cite web |date=2021-11-04 |title=Allegations of racism and misogyny within the Phoenix Suns: Inside Robert Sarver's 17-year tenure as owner |url=https://www.espn.com/nba/story/_/id/32440987/phoenix-suns-robert-sarver-allegations-racism-misogyny |access-date=2021-11-04 |website=ESPN.com |language=en}}</ref> The report was based on interviews with more than 70 former and current employees of the Suns. Sarver and his legal team denied the vast majority of accusations, citing that there are only a handful of sources on the record and, while the reporter may have reached out to 70 employees, the article provided no evidence that all of them spoke negatively of the organization.<ref name=":1">{{Cite web |last=Rankin |first=Duane |date=November 11, 2021 |title=Former Phoenix Suns employees: Robert Sarver 'different,' but not racist or misogynistic |url=https://www.azcentral.com/story/sports/nba/suns/2021/11/11/former-phoenix-suns-employees-say-robert-sarver-different-not-racist-misogynistic/6383015001/ |url-status=live |website=Arizona Republic}}</ref><ref>{{Cite web |author=The Athletic Staff |title=Suns, owner Robert Sarver deny allegations of racism, sexism in 'proposed story' |url=https://theathletic.com/news/suns-owner-robert-sarver-deny-allegations-of-racism-sexism-in-proposed-story/L9pc1lNQXzRJ/ |access-date=2021-11-16 |website=The Athletic |language=en}}</ref><ref name=":2">{{Cite web |title=Robert Sarver, Managing Partner, Suns Legacy Partners, LLC |url=https://www.nba.com/suns/robert-sarver-managing-partner-suns-legacy-partners-llc |access-date=2021-11-16 |website=Phoenix Suns |language=en}}</ref> Sarver and the Suns welcomed an NBA inquiry to clear up the allegations.<ref name=":2" /><ref>{{Cite web |title=Larry Fitzgerald among Phoenix Suns partners who sign statement disputing Sarver allegations |url=https://news.yahoo.com/larry-fitzgerald-among-phoenix-suns-173634133.html |access-date=2021-11-16 |website=news.yahoo.com |language=en-US}}</ref><ref>{{Cite web |last=Feldman |first=Dan |date=2021-11-05 |title=Suns coach Monty Williams addresses allegations against Robert Sarver |url=https://nba.nbcsports.com/2021/11/05/suns-coach-monty-williams-if-any-of-that-stuff-happened-while-i-was-here-i-wouldnt-be-in-this-seat/ |access-date=2021-11-16 |website=ProBasketballTalk {{!}} NBC Sports |language=en-US}}</ref> |
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On September 13, 2022, the NBA fined Sarver the maximum $10 million and suspended him for one year in both the NBA and the WNBA after an independent investigation determined that he said "''[[nigger]]''" at least five times in public – four of those being told by subordinates afterward that he should not use the word – as well as conduct that included "unequal treatment of female employees; sex-related statements and conduct; and harsh treatment of employees that on occasion constituted bullying."<ref>{{Cite web |date=2022-09-13 |title=NBA statement about independent investigation regarding Robert Sarver and the Phoenix Suns organization |url=https://pr.nba.com/nba-statement-about-independent-investigation-regarding-robert-sarver-and-the-phoenix-suns-organization/ |access-date=2022-09-13 |website=NBA.com: NBA Communications |language=en-US}}</ref><ref>{{Cite web |title= |
On September 13, 2022, the NBA fined Sarver the maximum $10 million and suspended him for one year in both the NBA and the WNBA after an independent investigation determined that he said "''[[nigger]]''" at least five times in public – four of those being told by subordinates afterward that he should not use the word – as well as conduct that included "unequal treatment of female employees; sex-related statements and conduct; and harsh treatment of employees that on occasion constituted bullying."<ref>{{Cite web |date=2022-09-13 |title=NBA statement about independent investigation regarding Robert Sarver and the Phoenix Suns organization |url=https://pr.nba.com/nba-statement-about-independent-investigation-regarding-robert-sarver-and-the-phoenix-suns-organization/ |access-date=2022-09-13 |website=NBA.com: NBA Communications |language=en-US}}</ref><ref>{{Cite web |title=Suns’ owner Sarver suspended from NBA/WNBA for one year, fined $10 million |url=https://sports.yahoo.com/robert-sarver-suspended-nba-wnba-163858663.html |access-date=2022-09-19 |website=sports.yahoo.com |language=en-US}}</ref> During only the [[2022–23 Phoenix Suns season|2022–23 season]], any actions requiring Sarver normally (such as promoting [[James Jones (basketball, born 1980)|James Jones]] from the Suns' general manager to their President of Basketball Operations) were replaced by Suns vice chairman and minority owner [[Sam Garvin]] instead.<ref>{{Cite web|url=https://www.espn.com/nba/story/_/id/34598886/phoenix-suns-sam-garvin-granted-authority-act-interim-governor-robert-sarver-suspension-sources-say|title=Phoenix Suns' Sam Garvin granted authority to act as interim governor during Robert Sarver's suspension, sources say|date=September 15, 2022|website=[[ESPN]]}}</ref> Both current and former NBA players, including [[LeBron James]], Suns player [[Chris Paul]], and [[Draymond Green]], said that the punishment was too lenient. [[PayPal]] threatened to not renew its partnership with the Suns if Sarver remained as owner. Green asked for a league vote to terminate Sarver as a league owner.<ref>{{cite news|first=Kendra|last=Andrews|title=Warriors' Stephen Curry says he spoke with Adam Silver about Robert Sarver discipline, calls impending Suns sale 'exactly what should have happened'|date=September 25, 2022|work=ESPN.com|url=https://www.espn.com/nba/story/_/id/34666992/warriors-stephen-curry-says-spoke-adam-silver-robert-sarver-discipline-calls-impending-suns-sale-exactly-happened|access-date=September 26, 2022}}</ref> On September 21, Sarver announced he would begin the process of selling both the Suns and the Mercury.<ref>{{Cite web |date=2022-09-21 |title=Robert Sarver says he's starting process to sell NBA's Phoenix Suns, WNBA's Phoenix Mercury |url=https://www.espn.com/nba/story/_/id/34636682/robert-sarver-says-starting-process-sell-nba-phoenix-suns-wnba-phoenix-mercury |access-date=2022-09-21 |website=espn.com: ESPN Inc. |language=en-US}}</ref> Sarver eventually accepted the purchase of both teams to [[United Wholesale Mortgage]]'s CEO [[Mat Ishbia]] and his brother [[Justin Ishbia|Justin]] for a record-high $4 billion purchasing price on December 20, 2022, pending league approval.<ref>{{Cite web |date=2022-12-20 |title=Ishbia agrees to Suns purchase for record $4B |url=https://www.espn.com/nba/story/_/id/35292815/sources-mat-ishbia-finalizing-suns-purchase-4-billion |access-date=2022-12-27 |website=ESPN.com |language=en}}</ref> |
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== Advocacy work == |
== Advocacy work == |
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Sarver had done the majority of his advocacy work while with the Phoenix Suns Charities throughout his ownership with the team. |
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=== Opposition to Arizona SB-1070 === |
=== Opposition to Arizona SB-1070 === |
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In response to a 2010 [[Arizona Senate]] bill called the "[[Arizona SB 1070|Support Our Law Enforcement and Safe Neighborhoods Act]]", colloquially known as SB-1070, which would make it a state misdemeanor crime for an undocumented person to be in [[Arizona]] and obligate police to make an attempt when practicable during a stop, detention or arrest to determine a person's immigration status, the [[Phoenix Suns]] adopted special "Los Suns" jerseys on [[Cinco de Mayo|Cinco De Mayo]]. Sarver also released a scathing rebuke of the law:<ref>{{Cite web|title=SB 1070 at the Supreme Court: What's at Stake|url=https://www.aclu.org/sb-1070-supreme-court-whats-stake|access-date=2021-10-27|website=American Civil Liberties Union|language=en}}</ref><ref>{{Cite news|last=Witz|first=Billy|date=2010-05-06|title='Los Suns' Join Protest, Then Stop the Spurs|language=en-US|work=The New York Times|url=https://www.nytimes.com/2010/05/06/sports/basketball/06suns.html|access-date=2021-10-27|issn=0362-4331}}</ref><ref name="Zirin">{{Cite news|last=Zirin|first=Dave|date=2010-05-06|title=The Nation: Here Come Los Suns...Against The Bill|language=en|work=NPR|url=https://www.npr.org/templates/story/story.php?storyId=126551397|access-date=2021-10-27}}</ref> |
In response to a 2010 [[Arizona Senate]] bill called the "[[Arizona SB 1070|Support Our Law Enforcement and Safe Neighborhoods Act]]", colloquially known as SB-1070, which would make it a state misdemeanor crime for an undocumented person to be in [[Arizona]] and obligate police to make an attempt when practicable during a stop, detention or arrest to determine a person's immigration status, the [[Phoenix Suns]] adopted special "Los Suns" jerseys on [[Cinco de Mayo|Cinco De Mayo]]. Sarver also released a scathing rebuke of the law:<ref>{{Cite web|title=SB 1070 at the Supreme Court: What's at Stake|url=https://www.aclu.org/sb-1070-supreme-court-whats-stake|access-date=2021-10-27|website=American Civil Liberties Union|language=en}}</ref><ref>{{Cite news|last=Witz|first=Billy|date=2010-05-06|title='Los Suns' Join Protest, Then Stop the Spurs|language=en-US|work=The New York Times|url=https://www.nytimes.com/2010/05/06/sports/basketball/06suns.html|access-date=2021-10-27|issn=0362-4331}}</ref><ref name="Zirin">{{Cite news|last=Zirin|first=Dave|date=2010-05-06|title=The Nation: Here Come Los Suns...Against The Bill|language=en|work=NPR|url=https://www.npr.org/templates/story/story.php?storyId=126551397|access-date=2021-10-27}}</ref> |
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Revision as of 10:06, 7 February 2023
Robert Sarver | |
---|---|
Born | Tucson, Arizona, U.S. | October 31, 1961
Education | University of Arizona |
Occupation(s) | Real estate developer, owner |
Known for | Phoenix Suns, Phoenix Mercury, RCD Mallorca Co–owner, Southwest Value Partners |
Spouse | Penny Sanders |
Robert Gary Sarver[1] (born October 31, 1961) is an American businessman, co-founder of Southwest Value Partners, a real estate development company, and the former owner of the Phoenix Suns, Phoenix Mercury, and RCD Mallorca.
Early life and education
Sarver was born in Tucson to Irene and Jack Sarver. Sarver is Jewish.[2] His father was a prominent Tucson businessman, banker, and hotel developer (the elder Sarver built the Aztec Inn, the Plaza International Hotel (now an Aloft Hotel) at Speedway and Campbell in Tucson in the early 1970s,[3] built and operated the Tucson area Howard Johnson's locations, and headed American Savings & Loan Ass'n. as its CEO. Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate funds to his alma mater, the University of Arizona's heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father.[4] At age 16, he went to work for his father's company, American Savings and Loan.[5] Sarver is a 1979 graduate of Sabino High School in Tucson, and a 1982 graduate of University of Arizona with a bachelor's degree in business administration.[5] In 1983, Sarver became a certified public accountant.[5]
Career
Banking
In 1984, Sarver founded the National Bank of Tucson (which he expanded statewide and changed the name to the National Bank of Arizona).[5] In 1994, he sold the National Bank of Arizona, then the largest independent bank in the state, to Zions Bancorporation.[5] In 1995, he acquired Grossmont Bank, one of San Diego's largest community banks. Grossmont was also sold to Zions Bancorporation in 1997.[6] In 1998, Sarver led Zions Bancorporation's acquisition of Sumitomo Bank of California.[5] In 2003, he became chairman of Western Alliance Bancorporation based in Phoenix.[5][7]
Real estate development
In 1990, Sarver co-founded the real estate company Southwest Value Partners with Millard Seldin.[5] In 1995, Southwest Value Partners purchased the Emerald Plaza in San Diego.[5] In 2004, his jointly owned real estate firm, Southwest Value Partners, sold the Emerald Plaza and two other San Diego office buildings to Santa Ana real estate firm, Triple Net Properties, for $274.5 million.[8]
Phoenix Suns
A lifelong sports fan, Sarver's quest to purchase an NBA team began with a conversation with University of Arizona basketball coach Lute Olson. Olson referred Sarver to Steve Kerr, a former player at Arizona and a 15-year NBA veteran, to assist him in buying an NBA franchise. In 2004, he purchased the Phoenix Suns for a then-record $401 million.[5]
In 2020, Sarver and the Suns collaborated with Verizon on a state of the art, 53,000-square foot practice arena called the Verizon 5G Performance Center.[9] The $45 million facility uses 5G technology to merge computer-aided motion analysis, player and ball tracking, and shot tracking to provide precise information to players and coaches.[10] In 2021, Sarver and the Suns oversaw a $230 million renovation and expansion of Footprint Center, formerly known as Talking Stick Arena.[11] The renovations include ultra-modern amenities, premium seating options, themed bars, new suites, and additional social spaces. On top of the physical changes to the arena, there has been an overhaul to the game presentation including enhancements to sound, lighting and video systems.[12] The modernization also included significant improvements to the arena's infrastructure.[13]
In 2021, the Suns reached the NBA Finals for the first time since 1993. Despite strong play from their young core, the Suns eventually lost to the Bucks 4–2. Though overlooked as potential championship contenders at the start of the season, the Suns, built by Sarver, general manager James Jones, and coach Monty Williams, have quickly developed into one of the strongest organizations in the NBA.[14]
Phoenix Mercury
Founded in 1997 by former Suns owner Jerry Colangelo, Sarver purchased the WNBA team alongside the Phoenix Suns in 2004.[15] One of the original eight franchises created at the founding of the WNBA for the inaugural 1997 season, the Phoenix Mercury are one of only three remaining in the current 12-team league to this day (along with the New York Liberty and Los Angeles Sparks).[16] Of the twelve current WNBA teams, only five share the same majority owner as their NBA counterpart (Indiana Fever, Minnesota Lynx, New York Liberty, Phoenix Mercury, and Washington Mystics).[17] Under Sarver's ownership, the Mercury have won three WNBA championships (2007, 2009, 2014) and won conference titles four times, including during the 2021 season (2007, 2009, 2014, 2021).[18][19]
RCD Mallorca
In January 2016, Sarver bought football team RCD Mallorca, at the time in the Spanish second division, for €20 million.[20] Under his poor management early on, the team was briefly demoted to the Segunda División B (the Spanish third division) for the 2017-18 season before returning to the second division the next season. RCD Mallorca returned to La Liga (the Spanish first division) during the 2019-20 season, though they returned to the Segunda División the following season. They have since returned to La Liga as of 2021 and have stayed there for at least another season onward.
Controversies
Sarver has been criticized by current and former employees, agents, and rival executives "of being of an interventionist owner with more authority than expertise, a front office marred by instability, an understaffed scouting department, and a dated facility that isolates the decision-makers from the players and coaches".[21]
On November 4, 2021, Sarver and the Suns were the subject of a report written by Baxter Holmes on ESPN, which accused Sarver and members of the front office of racist and misogynistic behavior, including allegedly requiring a coach to fire a minority agent and allegedly announce his preference for extra-large condoms at a staff meeting.[22] The report was based on interviews with more than 70 former and current employees of the Suns. Sarver and his legal team denied the vast majority of accusations, citing that there are only a handful of sources on the record and, while the reporter may have reached out to 70 employees, the article provided no evidence that all of them spoke negatively of the organization.[23][24][25] Sarver and the Suns welcomed an NBA inquiry to clear up the allegations.[25][26][27]
On September 13, 2022, the NBA fined Sarver the maximum $10 million and suspended him for one year in both the NBA and the WNBA after an independent investigation determined that he said "nigger" at least five times in public – four of those being told by subordinates afterward that he should not use the word – as well as conduct that included "unequal treatment of female employees; sex-related statements and conduct; and harsh treatment of employees that on occasion constituted bullying."[28][29] During only the 2022–23 season, any actions requiring Sarver normally (such as promoting James Jones from the Suns' general manager to their President of Basketball Operations) were replaced by Suns vice chairman and minority owner Sam Garvin instead.[30] Both current and former NBA players, including LeBron James, Suns player Chris Paul, and Draymond Green, said that the punishment was too lenient. PayPal threatened to not renew its partnership with the Suns if Sarver remained as owner. Green asked for a league vote to terminate Sarver as a league owner.[31] On September 21, Sarver announced he would begin the process of selling both the Suns and the Mercury.[32] Sarver eventually accepted the purchase of both teams to United Wholesale Mortgage's CEO Mat Ishbia and his brother Justin for a record-high $4 billion purchasing price on December 20, 2022, pending league approval.[33]
Advocacy work
Opposition to Arizona SB-1070
In response to a 2010 Arizona Senate bill called the "Support Our Law Enforcement and Safe Neighborhoods Act", colloquially known as SB-1070, which would make it a state misdemeanor crime for an undocumented person to be in Arizona and obligate police to make an attempt when practicable during a stop, detention or arrest to determine a person's immigration status, the Phoenix Suns adopted special "Los Suns" jerseys on Cinco De Mayo. Sarver also released a scathing rebuke of the law:[34][35][36]
... [T]he result of passing this law is that our basic principles of equal rights and protection under the law are being called into question, and Arizona's already struggling economy will suffer even further setbacks at a time when the state can ill-afford them... I looked around our plane and looked at our players and the diversity in our organization. I thought we need to go on record that we honor our diversity in our team, in the NBA and we need to show support for that. As for the political part of that, that's my statement. There are times you need to stand up and be heard. I respect people's views on the other side but I just felt it was appropriate for me to stand up and make a statement.[37][36]
Personal life
In 1996, Sarver married Penny Sanders,[5] a Kansas City, Missouri native; they live in Paradise Valley, Arizona, and have three sons.[38]
References
- ^ "Top Buys by Top Brass: Executive Chairman Sarver's $1.9M Bet". NASDAQ. Retrieved October 17, 2022.
- ^ "Wandering Jews: Former Tucsonans thrive in new locales – Robert Sarver". Arizona Jewish Post. September 15, 2011. Retrieved November 30, 2017.
- ^ Arizona Daily Star article on the former Plaza International Hotel, built by Robert Sarver's father [dead link ]
- ^ "Sarver Heart Center bio on Robert Sarver". Archived August 21, 2008, at the Wayback Machine. Retrieved February 21, 2022.
- ^ a b c d e f g h i j k Rivera, Steve (April 23, 2005). "Having a Blast". Tucson Citizen. Retrieved November 30, 2017.
- ^ Campbell, Joel (July 8, 1997). "Zions to add San Diego bank and Oakland finance firm". Deseret News. Retrieved November 30, 2017.
- ^ Wiles, Russ (April 6, 2011). "Suns' Sarver is first and foremost a banker". The Arizona Republic. Retrieved November 30, 2017.
- ^ Southwest Value Partners: "Three Downtown Towers are Sold for $274 Million" June 17, 2004. Retrieved November 30, 2017.
- ^ "Phoenix Suns, Verizon 5G Performance Center - Work - ZGF". www.zgf.com. Retrieved October 27, 2021.
- ^ "Game changer: How the Phoenix Suns and Verizon 5G are transforming sports". www.verizon.com. August 5, 2021. Retrieved October 27, 2021.
- ^ Young, Jabari (July 16, 2021). "Phoenix Suns arena will be named Footprint Center in 'one of the most unique partnerships in sports'". CNBC. Retrieved October 27, 2021.
- ^ "Footprint Center Modernization". HOK. Retrieved October 27, 2021.
- ^ "Phoenix Suns start a new 'green' era at the Footprint Center". AZFamily. Retrieved October 27, 2021.
- ^ Hoops, Zona (October 20, 2021). "The Suns will have a target on their back all season". Bright Side Of The Sun. Retrieved October 27, 2021.
- ^ Matthias, Karli (April 27, 2020). "16 years ago, Sarver purchased Phoenix Suns for record $401 million". Cronkite News - Arizona PBS. Retrieved October 27, 2021.
- ^ "History". WNBA.com - Official Site of the WNBA. Retrieved October 27, 2021.
- ^ Tracy, Jeff (March 1, 2021). "Breaking down the WNBA's new ownership landscape after sale of Atlanta Dream". Axios.
{{cite web}}
: CS1 maint: url-status (link) - ^ "Phoenix Mercury punch ticket to the Finals in front of record-setting crowd". ESPN.com. October 9, 2021. Retrieved October 27, 2021.
- ^ "Phoenix Mercury". Basketball-Reference.com. Retrieved October 27, 2021.
- ^ Steve Nash buys majority stake in Mallorca Marca. January 5, 2016. Retrieved August 23, 2018.
- ^ "Inside the Phoenix Suns' messy and dysfunctional front office". ESPN.com. March 4, 2019. Retrieved October 22, 2021.
- ^ "Allegations of racism and misogyny within the Phoenix Suns: Inside Robert Sarver's 17-year tenure as owner". ESPN.com. November 4, 2021. Retrieved November 4, 2021.
- ^ Rankin, Duane (November 11, 2021). "Former Phoenix Suns employees: Robert Sarver 'different,' but not racist or misogynistic". Arizona Republic.
{{cite web}}
: CS1 maint: url-status (link) - ^ The Athletic Staff. "Suns, owner Robert Sarver deny allegations of racism, sexism in 'proposed story'". The Athletic. Retrieved November 16, 2021.
- ^ a b "Robert Sarver, Managing Partner, Suns Legacy Partners, LLC". Phoenix Suns. Retrieved November 16, 2021.
- ^ "Larry Fitzgerald among Phoenix Suns partners who sign statement disputing Sarver allegations". news.yahoo.com. Retrieved November 16, 2021.
- ^ Feldman, Dan (November 5, 2021). "Suns coach Monty Williams addresses allegations against Robert Sarver". ProBasketballTalk | NBC Sports. Retrieved November 16, 2021.
- ^ "NBA statement about independent investigation regarding Robert Sarver and the Phoenix Suns organization". NBA.com: NBA Communications. September 13, 2022. Retrieved September 13, 2022.
- ^ "Suns' owner Sarver suspended from NBA/WNBA for one year, fined $10 million". sports.yahoo.com. Retrieved September 19, 2022.
- ^ "Phoenix Suns' Sam Garvin granted authority to act as interim governor during Robert Sarver's suspension, sources say". ESPN. September 15, 2022.
- ^ Andrews, Kendra (September 25, 2022). "Warriors' Stephen Curry says he spoke with Adam Silver about Robert Sarver discipline, calls impending Suns sale 'exactly what should have happened'". ESPN.com. Retrieved September 26, 2022.
- ^ "Robert Sarver says he's starting process to sell NBA's Phoenix Suns, WNBA's Phoenix Mercury". espn.com: ESPN Inc. September 21, 2022. Retrieved September 21, 2022.
- ^ "Ishbia agrees to Suns purchase for record $4B". ESPN.com. December 20, 2022. Retrieved December 27, 2022.
- ^ "SB 1070 at the Supreme Court: What's at Stake". American Civil Liberties Union. Retrieved October 27, 2021.
- ^ Witz, Billy (May 6, 2010). "'Los Suns' Join Protest, Then Stop the Spurs". The New York Times. ISSN 0362-4331. Retrieved October 27, 2021.
- ^ a b Zirin, Dave (May 6, 2010). "The Nation: Here Come Los Suns...Against The Bill". NPR. Retrieved October 27, 2021.
- ^ Andy Barr. "Suns protest Arizona law". POLITICO. Retrieved October 27, 2021.
- ^ University of Arizona Sarver Heart Center: "The Sarver Family" Retrieved November 30, 2017.
- 1961 births
- 21st-century American Jews
- American Jews
- American real estate businesspeople
- Businesspeople from Tucson, Arizona
- Jewish American sportspeople
- Living people
- National Basketball Association controversies
- National Basketball Association executives
- Phoenix Suns executives
- Phoenix Suns owners
- Phoenix Mercury owners
- University of Arizona alumni