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Jewish billionaire Mat Ishbia buys Phoenix NBA, WNBA teams from disgraced Jewish owner
(JTA) — Mat Ishbia, a billionaire mortgage lender who in high school was named Jewish athlete of the year by his hometown Jewish newspaper, has reportedly reached a $4 billion agreement to purchase the NBA’s Phoenix Suns and WNBA’s Phoenix Mercury.
Ishbia is buying the teams from Robert Sarver, who cited his Jewish identity when he announced in September that he would sell the basketball teams he has owned since 2004.
Sarver, a real estate businessman with a net worth of nearly $1 billion, announced the sale after facing a suspension and $10 million fine as a result of an investigation that found a pattern of inappropriate and abusive behavior, including racist remarks and sexual harassment toward employees.
“As a man of faith, I believe in atonement and the path to forgiveness,” Sarver said in a statement at the time, which was just before the High Holidays when teshuvah, the Jewish idea of repentance, is a central theme. The Tucson native is a member of the Reform synagogue Temple Chai in Phoenix.
Ishbia, president and CEO of Michigan-based United Wholesale Mortgage, has a net worth of $5.6 billion, according to Bloomberg. His firm is the largest wholesale mortgage lender in the United States.
According to ESPN, Ishbia has been pursuing NBA and NFL teams in recent years and has a relationship with NBA commissioner Adam Silver, who is also Jewish. The sale will become final pending approval from the NBA’s board of governors.
The $4 billion price tag is the most expensive in basketball history, and second-highest for a North American sports franchise, behind only the $4.65 billion sale of the NFL’s Denver Broncos in June. At 42 years old, Ishbia will become the NBA’s youngest team owner.
Ishbia was a walk-on basketball player at Michigan State University, where he played in three Final Fours and won a national championship in 2000. His $32 million gift to his alma mater in 2021 was the largest individual donation in the school’s history.
Ishbia also played for Detroit’s youth Maccabi team at 13 years old, and as a senior in high school was named Jewish athlete of the year by the Detroit Jewish News. He is a member of the Michigan Jewish Sports Foundation’s board of governors.
Justin Ishbia, Mat’s brother, will make a sizable investment and serve as the teams’ alternate governor, according to ESPN.
Justin was one of the most giving Jews in the most recent campaign cycle. Both brothers have given widely, to both Democrats and Republicans.
In 2020, Mat Ishbia donated to both Republicans seeking Senate seats in Georgia, both of whom lost. Last year, he donated to the campaign of Alex Lasry, the Jewish Milwaukee Bucks executive who briefly ran for Senate in Wisconsin.
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UK Man in Court Charged With Arson at Former London Synagogue
Orthodox Jews stand by a police cordon, after a man was arrested following a stabbing incident in the Golders Green area, which is home to a large Jewish population, in London, Britain, April 29, 2026. Photo: REUTERS/Hannah McKay
A British man charged over an arson attack at a former synagogue in east London last week was in contact with someone using an Iraqi phone number shortly before the fire, prosecutors told a London court on Tuesday.
Moses Edwards, 45, appeared in the dock at Westminster Magistrates’ Court and was remanded in custody until a further hearing next month. He gave no indication of any plea.
The fire at the former East London Central Synagogue was caused by wine bottles filled with an accelerant, which exploded damaging the outside of the building, prosecutors said.
The incident followed a series of arson attacks on Jewish targets in previous weeks, with police saying they were investigating possible Iran links to some of the fires.
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Israeli Para-Athlete Wins Gold at European Taekwondo Championships, Beats Opponent From Azerbaijan
Asaf Yasur, center, posing with his gold medal during the awards ceremony at the 2026 European Taekwondo Championships in Munich, Germany. Photo: Facebook/Israel Taekwondo Federation
Israeli Paralympic athlete Asaf Yasur took home the gold medal in the 2026 European Senior Taekwondo Championships being held this week in Munich, Germany.
The 24-year-old competed in the men’s under-58kg weight category, and on the first day of the championships he beat Azerbaijan’s Sabir Zeynalov 2-1 in the finals after being victorious over Turkish athlete Hamza Tehrani 2-1 in the semifinal. Israel’s national anthem, “Hatikvah,” played in the arena during the medal ceremony, as Yasur stood on the podium with his gold medal.
The Jerusalem native had both of his hands amputated when he was 13 years old following an electrocution accident. Earlier this year, Yasur won gold at the 2026 US Open Paralympic Taekwondo Championship. He previously took home gold medals at the 2024 Paris Paralympics — where he made his Paralympics debut – the 2024 European Championships, and the 2023 World Para Taekwondo Championships. He also won the 2021 and 2023 World Para Taekwondo Championships and silver at the 2023 European Para Championships.
The European Taekwondo Union organizes the European Senior Taekwondo Championships, which is held every two years. This year marks the fourth time the championship is taking place in Germany, after previous being held in Bonn in 2006, Stuttgart in 1984, and Munich in 1978.
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China and US Agree on Opposing Hormuz Tolls, State Department Says
Vessels in the Strait of Hormuz, Musandam, Oman, May 8, 2026. Photo: REUTERS/Stringer
Senior US and Chinese officials agree that no country can be allowed to exact shipping tolls in the Strait of Hormuz, the State Department told Reuters on Tuesday, in a sign that the two countries are trying to find common ground on efforts to pressure Iran to give up control of the vital waterway.
The statement by the State Department comes ahead of a high-stakes summit between President Donald Trump and Chinese President Xi Jinping later this week, where Iran‘s chokehold on the strait will be on the agenda.
Iran‘s near-complete closure of the vital trade artery since the joint Israeli-US airstrikes on the country on Feb. 28 has sent shockwaves through global energy markets.
The State Department said Chinese Foreign Minister Wang Yi and US Secretary of State Marco Rubio discussed the issue in an April phone call.
“They agreed that no country or organization can be allowed to charge tolls to pass through international waterways like the Strait of Hormuz,” department spokesman Tommy Pigott told Reuters in response to questions about the call. The State Department has not previously provided a readout of the call in a break from its usual practice.
China’s embassy did not dispute the US account of the discussion, saying it hoped all sides can work together to resume normal traffic through the strait, which before the war handled one-fifth of the world’s oil and gas supply.
“Keeping the area safe and stable and ensuring unimpeded passage serves the common interest of the international community,” embassy spokesperson Liu Pengyu told Reuters.
Tehran has demanded a right to collect tolls on shipping traffic as a precondition for ending the war. The US has imposed a naval blockade on Iran, and Trump has floated the possibility of imposing its own fees on traffic or working with Iran to collect tolls. After domestic and international pushback, the White House has since said Trump wants to see the Strait of Hormuz open up for traffic without any limitations.
Chinese officials so far have avoided direct mention of tolls, even while condemning the US blockade.
‘NORMAL AND SAFE PASSAGE’
Two sources briefed on the Wang-Rubio exchange said Rubio had raised the prospect of Chinese vessels paying tolls, which they said appeared aimed at encouraging Beijing to apply more pressure on Tehran to bring the conflict to an end.
China maintains ties with Iran and remains a major consumer of its oil exports. Trump has been leaning on China to use its influence to push Tehran to make a deal with Washington.
In a subsequent meeting with Iran‘s foreign minister, Wang said the international community shared a “common concern about restoring normal and safe passage through the strait” while reiterating that China supports Iran in “safeguarding its national sovereignty and security.”
China vetoed a US-backed resolution in the United Nations last month encouraging states to work together to protect commercial shipping in the Strait of Hormuz, arguing it was biased against Iran. That prompted US ambassador to the United Nations, Mike Waltz, to argue that Beijing was tolerating Iran holding the global economy at gunpoint.
Washington together with Bahrain has drawn up another UN resolution demanding Iran halt attacks and mining in the strait, but diplomats say this is also likely to meet with Chinese and Russian vetoes if it comes to a vote.
That resolution also calls for an end to “efforts to exact illegal tolls” in the strait.
China has ordered its companies not to comply with US sanctions against Chinese oil refineries over purchases of Iranian crude, measures intended to isolate and pressure Tehran.