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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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Turkey Sends Drilling Ship to Somalia in Major Push for Energy Independence
Turkish President Tayyip Erdogan speaks during a ceremony for the handover of new vehicles to the gendarmerie and police forces in Istanbul, Turkey, Nov. 28, 2025. Photo: REUTERS/Murad Sezer
i24 News – Turkey has dispatched a drilling vessel to Somalia to begin offshore oil exploration, marking what officials describe as a historic step in Ankara’s drive to strengthen energy security and reduce reliance on imports.
Turkish Minister of Energy and Natural Resources Alparslan Bayraktar announced that the drilling ship Çagri Bey is set to sail from the port of Taşucu in southern Turkey, heading toward Somali territorial waters.
The vessel will pass through the Strait of Gibraltar and around the coast of southern Africa before reaching its destination, with drilling operations expected to begin in April or May.
Bayraktar described the mission as a “historic” milestone, saying it reflects Turkey’s long-term strategy to enhance national energy security and move closer to self-sufficiency.
The operation will be protected by the Turkish Naval Forces, which will deploy several naval units to secure both the vessel’s route and the drilling area in the Gulf of Aden and the Arabian Sea. The security arrangements fall under existing cooperation agreements between Ankara and Somalia.
The move aligns with a broader vision promoted by President Recep Tayyip Erdoğan, aimed at reducing Turkey’s dependence on foreign energy supplies, boosting domestic production, and shielding the economy from external pressures.
Bayraktar said Turkey is also working to double its natural gas output in the Black Sea this year, while continuing offshore exploration along its northern coastline. In parallel, Ankara is preparing to bring its first nuclear reactor online at the Akkuyu Nuclear Power Plant, which is expected to begin generating electricity soon and eventually supply about 10% of the country’s energy needs.
The current drilling effort is based on survey data collected last year and forms part of Ankara’s wider plan to expand its energy exploration activities both regionally and internationally.
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Syria Expected to Form a New Government, Appoint a PM with US Support
Syria’s interim President Ahmed al-Sharaa speaks during a Ministerial formation of the government of the Syrian Arab Republic, in Damascus, Syria, March 29, 2025. Photo: REUTERS/Khalil Ashawi
i24 News – Syrian President Ahmed al-Sharaa is expected to launch in the coming weeks a workshop to form a new, inclusive Syrian government with expanded powers, a Syrian source close to President al-Sharaa tells i24NEWS. This government will include figures from across the spectrum of Syrian society in a bid to address the concerns of minority groups. Those chosen will be individuals who enjoy both local and international legitimacy.
i24NEWS has learned that a prominent candidate considered for the post of prime minister is veteran Syrian politician Fahad al-Masri, chairman of the Syrian Liberal Party. A US official says that the Trump administration “appreciates al-Masri’s support for Washington’s positions regarding Syria and the region, and that Syria would be well-served with him in an influential role.”
The Syrian source tells me that the new Syrian government will adopt “a phased plan to merge several ministries to achieve greater integration and efficiency.”
According to the US official, the workshop to form a new government is among several ideas that have been floated and discussed in order to reach a more permanent, non-transitional government.
The official said that US Ambassador to Turkey and Special Envoy to Syria Tom Barrack’s decision to drop support for the Kurdish-led Syrian Democratic Forces (SDF) is partly because he believes Syria’s Kurds must be part of the government in Damascus in order to grant it greater legitimacy.
“Making known that the SDF’s mandate has expired from Washington’s point of view is an avenue to encouraging the Kurds to integrate and speed up the process of forming that broad, inclusive government,” the US official said.
i24NEWS reached out to Fahad al-Masri to ask about his readiness to assume the role of prime minister in the upcoming Syrian government. Al-Masri declined to confirm or deny his nomination but stressed that “the priority must remain the stability and unity of Syria rather than individual roles.”
Al-Masri expressed his deep appreciation for President Trump and the US administration’s stance on Syria, describing it as “principled and strategically significant.” Al-Masri underscored his confidence in President al-Sharaa’s leadership during this pivotal period, affirming that the success of the transitional phase is vital for national interest and regional stability.
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‘Ball Is In America’s Court’: Iran Signals Willingness to Compromise on Nuclear Deal
Iranian Ambassador to the United Nations Majid Takht-Ravanchi speaks to the media outside Security Council chambers at the U.N. headquarters in New York, U.S., June 24, 2019. Photo: REUTERS/Shannon Stapleton
i24 News – Iran’s Deputy Foreign Minister Majid Takht-Ravanchi has suggested that Tehran is ready to make concessions in nuclear negotiations with the United States, provided Washington is willing to engage on sanctions.
Speaking to the BBC from Tehran, he said: “The ball is in America’s court to prove they want to make a deal. If they are sincere, I am sure we will be on the way to an agreement.”
Takht-Ravanchi’s comments come amid ongoing debate over which side is responsible for delays in the talks. Iranian officials have emphasized that progress depends on US flexibility, while American representatives have accused Tehran of slowing the process.
The next round of negotiations is scheduled for Tuesday in Geneva, with Iran represented by Foreign Minister Araghchi and the US delegation led by envoys Steve Witkoff and Jared Kushner. Sources indicate that while a final agreement is not yet in sight, modest progress has been made since the first round of talks.
Takht-Ravanchi pointed to Iran’s offer to dilute its 60 percent-enriched uranium as evidence of willingness to compromise. “We are ready to discuss this and other issues related to our program if they are ready to talk about sanctions,” he said, without clarifying whether Tehran expects partial or full sanctions relief.
He also made clear that “the issue of zero enrichment is not an issue anymore and, as far as Iran is concerned, it is not on the table,” contradicting recent US statements emphasizing a desire for no enrichment.
Iranian officials maintain that the nuclear question remains the primary focus. Other topics, such as ballistic missiles or regional proxies, will only be addressed after an agreement on the nuclear framework is reached.
