Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Sports News

Sale of Phoenix Suns appears near

|
|
 
  
Published: April 16, 2004 at 12:40 AM

PHOENIX, April 15 (UPI) -- The Phoenix Suns appear to be on the verge of being sold and an announcement could come as soon as Friday.

Put up for sale last month, the Suns are expected to be sold next week, the Arizona Republic reported Thursday. While the team has not made an announcement, it has scheduled a news conference for Friday at 3 p.m. EDT.

Suns CEO and chairman Jerry Colangelo will make "a major announcement," the club said in a statement.

The report stated that Colangelo still would operate the team following the sale to a group of investors. Colangelo, who owns 18 percent of the franchise, told the newspaper that an investor meeting is slated for April 23.

An investor who is close to Colangelo said he expects the deal of more than $300 million to be approved, the report said. The group includes "some individuals with local ties."

Phoenix television stations KSAZ and KNXV reported that former NBA and University of Arizona guard Steve Kerr would be a part of the new ownwership group. Kerr works as an analyst for Turner Sports.

Topics: Jerry Colangelo, Steve Kerr
© 2004 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Linsanity The Daytona 500 Cheerleaders of 2012
Additional Sports News Stories
1 of 32
Marilyn Monroe Cupcake Portrait at Madame Tussauds in New York
View Caption
A one-of-a-kind 8 x 4 foot portrait of Marilyn Monroe made from 2,100 bite sized stuffed cupcakes stands in the lobby next to her wax figure on the eve of Marilyn Monroe's 86th birthday at Madame Tussauds in New York City on May 31, 2012. UPI/John Angelillo
fark
Photoshop this side dish
When stripper poles are outlawed, only outlaws will have stripper poles
Canada's secret space program announces its first incredible success
"Lingerie model" spends $50k on tanning bed addiction after apparently getting kicked out of Willy...
From the man who bought you the ice cream made from breast milk, comes ice lolly made from holy...
John Edwards is guilty of being a douchebag. And banging ugly mistresses. And having great hair....