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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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The post Jewish billionaire Mat Ishbia buys Phoenix NBA, WNBA teams from disgraced Jewish owner appeared first on Jewish Telegraphic Agency.
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Trump Says ‘Clock Is Ticking’ for Iran
US President Donald Trump speaks about research into mental health treatments in the Oval Office of the White House in Washington, DC, April 18, 2026. Photo: REUTERS/Nathan Howard
US President Donald Trump on Sunday threatened consequences for Iran if its leaders do not act quickly.
“For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them. TIME IS OF THE ESSENCE!,” he wrote in a Truth Social post.
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Netanyahu Warns Israel Prepared for ‘Any Scenario’ with Iran, Vows to Defeat Drone Threat in Lebanon
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime Minister’s office in Jerusalem, Aug. 10, 2025. Photo: ABIR SULTAN/Pool via REUTERS
i24 News – Speaking at a special government meeting marking Jerusalem Day at the Knesset Museum, Prime Minister Benjamin Netanyahu said Israeli forces in Lebanon are holding and clearing territory while confronting a growing threat from fiber-optic FPV drones. He said he convened a special team with the defense minister and civilian and military experts, telling them they have “no budget limit” to find a solution. “Whatever it costs, it costs,” Netanyahu said, adding that he has “no doubt that Israel will be the first country to deliver a complete solution to this problem.”
Netanyahu also said he would speak with President Donald Trump to hear his impressions from his trip to China and discuss Iran and various regional scenarios. “There are certainly many possibilities; we are prepared for any scenario,” he said, adding that Israeli authorities remain vigilant regarding Iran.
Over the weekend, Israel eliminated Izz ad-Din al-Haddad, whom Netanyahu described as “number one in Hamas’s military wing” and a “master murderer,” responsible for the killing, injury, and kidnapping of thousands of Israeli civilians and IDF soldiers.
Netanyahu said Israel now controls 60 percent of the Gaza Strip and reiterated that the operation’s objective is to ensure Gaza will “never again pose a threat to Israel.” He added that Israel has fulfilled its promise to return all hostages, including “the hero of Israel, the late Ran Gvili.”
“Every single architect of the massacre and the hostage-taking will be eliminated down to the last one, and we are very close to completing this mission,” he said.
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Pacific Palisades Jews, displaced by fire, reopen their synagogue as part of returning home
(JTA) — Sixteen months after the fires that devastated the Pacific Palisades and uprooted hundreds of Jewish families, congregants of Kehillat Israel are returning to their synagogue.
On Friday, hundreds of congregants are carrying their Torah scrolls back into the building that became a symbol of the Los Angeles neighborhood that was devastated by fire in January 2025.
While the synagogue suffered significant smoke damage from the fires, the building, constructed in 1950, remained standing, providing desperately needed continuity for the roughly 250 congregants who lost their homes and 250 others who were temporarily displaced.
All three of the synagogue’s clergy members, including Rabbi Daniel Sher, lost their homes in the fires, a tragedy that Sher said imbued Friday’s reopening ceremony with mixed emotions.
“It’s a mixed blessing. I’m going to move back into my place of work before I break ground on my home,” Sher told the Jewish Telegraphic Agency. “But Judaism knows how to survive hardship, and so our job is to take this tradition and take 1000s of years of understanding that and put it into action.”
The reopening of the synagogue after months of repairs and renovations will also carry added weight as it coincides with a celebration honoring Cantor Chayim Frenkel and his wife, Marsi, for 40 years of service to the congregation.
“I feel very honored and proud,” Frenkel told JTA. “They’re dedicating the new ark to me and my wife, so that’ll be something in perpetuity that I’m honored to — if I’m blessed with grandchildren — to have them go in there and say, my daddy and my grandfather participated in working with others to create a very meaningful and a very loving and a very heimish shul filled with Yiddishkeit, a Zionistic, just a beautiful community.”
In the months after the fires, Kehillat Israel became what Frenkel jokingly called a “wandering” congregation, holding services in the Santa Monica mall while its religious school borrowed space from a Los Angeles public school. Clergy also held b’nai mitzvah services in neighboring synagogues, homes, hotels and even a restaurant.
“I can’t help but feel like it was this strangely entrepreneurial, energetic space in which this initial point of grief and loss very quickly manifested into a communal excitement and connection and has changed the way we will forever operate as a community, even once we’re back in our own sacred space,” Sher said.
Frenkel said that many of his congregants had told him that the “one of the main reasons they’re coming back to the Palisades to rebuild is because the synagogue did not burn.”
“That was a huge component for them to go through the rebuilding process, because they knew they had their synagogue,” Frenkel said.
As some congregants prepare to move back to the area, Sher said he had received hundreds of donated mezuzahs that clergy plan to distribute to families returning to rebuilt homes, helping them rededicate their spaces after months of displacement.
“For the families, the home is a mikdash me’at, it’s a small sanctuary, and I always tell our kids that there is an invisible bridge that leads from the synagogue directly to their home,” Frenkel said. “And now that their homes have burned or are being rebuilt, those bridges are being rebuilt, and that mezuzah is helping create that.”
But even as some of the congregation remains displaced around Los Angeles, Sher said the reopening ceremony was about much more than restoring a building. Instead, he said, it serves as a declaration that the community was “still here,” and that they had “never actually left.”
“For us as people who work there, but for congregants who have put a piece of their emotional connection into that building, they get something to still remain as home,” Sher said. “So our reopening isn’t just that statement, it’s saying, if you want home to be there still, it is.”
This article originally appeared on JTA.org.
The post Pacific Palisades Jews, displaced by fire, reopen their synagogue as part of returning home appeared first on The Forward.
