As the Phoenix Suns prepare for the 2025–26 NBA season, turmoil brews behind the scenes among the team’s ownership group. A dispute has erupted between the majority and minority owners, turning what should be an exciting preseason into a legal standoff over transparency and control within the franchise’s management.
A lawsuit filed by the minority owners—Kisco WC Sports, headed by Andrew Kohlberg, and Kent Circle Investments, led by Scott Seldin—against the Suns’ parent company, Suns Legacy Holdings, has been officially dismissed. The case initially centered on the minority owners’ demand to review the organization’s financial records, which they claimed would clarify the true value of their shares and reveal whether any mismanagement had taken place.
The dispute began in August when Kisco and Kent Circle took legal action in Delaware’s Court of Chancery. They argued that access to the financial documents was essential to determine the fairness of how the franchise was being run and whether fiduciary duties had been violated. Their goal was to protect their investments and ensure they were being treated equitably under the ownership structure.
While the dismissal of the case might seem like a resolution, it only marks a pause in the larger conflict. Legal experts suggest that the minority owners may pursue new claims or appeal the decision, given their continued dissatisfaction with how majority owner Mat Ishbia and his leadership team have handled operations and financial disclosures.
In essence, the dropped lawsuit does little to settle the growing tension within the Suns and Mercury ownership ranks. As the teams gear up for the new season, the off-court power struggle continues to cast a shadow over the franchises, hinting that more courtroom battles could still lie ahead.
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