• Loading stock data...
Wednesday, June 26, 2024
Meet the Rising 25 Class of 2024!

Phoenix Suns, Mercury Invest $100M In New Downtown Headquarters

  • Mat Ishbia is investing in a new shared business headquarters and a practice facility for the Mercury.
  • “It was a huge priority when I bought the team,” Ishbia told FOS. “We want to be the best franchise [to work at] in all of sports.
A rendering of the Phoenix Suns and Mercury's new shared business headquarters and Mercury practice facility.
Phoenix Suns and Mercury

The new Phoenix Suns and Mercury owners are investing in their teams’ futures on and off the court.

On Thursday, the Suns and Mercury announced it would be spending over $100 million to build a new business headquarters and practice facility for the Mercury located in downtown Phoenix’s Warehouse District.

“It was a huge priority when I bought the team,” Suns and Mercury owner Mat Ishbia told Front Office Sports of the decision to undertake the project. “We want to be the best franchise [to work at] in all of sports, and investing like this is not only saying it, but actually puts our money, our focus, and our efforts behind it.”

The organization has yet to say when it plans to open the new complex.

At 123,000 square feet, the organization says that the new campus will be one of the largest developments in professional sports. The business headquarters will occupy 65,000 square feet of that space, while the Mercury’s new facility will take up 58,000 square feet.

The practice building will cater to the team’s needs, featuring 24/7 access to two dedicated basketball courts with 10 baskets, fitness and functional movement rooms with hot and cold pools, underwater treadmills, a player and family lounge, a film room, and a large locker room. The facility will also have a kitchen outfitted with a private chef.

The Mercury currently share practice facilities with the Suns, but this new development would make it the third WNBA team to open a dedicated facility for itself.

The Las Vegas Aces opened their state-of-the-art facility in May, and the Seattle Storm are building one worth $64 million. Meanwhile, Chicago Sky star Kahleah Copper told FOS in July that she is still waiting for her team to take action in that area.

For Ishbia and the rest of Phoenix’s leadership, building the new business headquarters is about distancing the organization from former owner Robert Sarver and former president and CEO Jason Rowley, who reportedly created a toxic working environment — ultimately opening the door for Ishbia to buy the teams for $4 billion in December.

“From day one, we’ve talked about reshaping and resetting our culture,” Suns and Mercury CEO Josh Bartelstein told Front Office Sports. “You can talk about it all you want, but it’s in how we treat people, it’s in caring more, it’s in putting people first. And when you do things like this, it just amplifies everything.”

The organization’s new business headquarters will feature indoor and outdoor basketball courts, an indoor arcade, a pickleball court, a putting green, a workout facility, and a kitchen with beverages and snacks. It will move its operations out of Footprint Center, where it currently resides.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The NBA Draft’s New Two-Day Format May Have a Secret Weapon in Round 2

The two-round NBA draft is expanding from one to two days this year.

JJ Redick’s Hypocritical Potshots at the ‘Engagement Farming Industry’

Redick ripped the sports media that spurred his meteoric rise.

NHL Faces a Reset After Meruelo’s Missteps and Coyotes Collapse

Alex Meruelo abandons his efforts to reactivate the franchise.

Mets Owner Buys Chunk of Knicks Owner’s Las Vegas Sphere

Cohen made the investment through his hedge fund, Point72.
podcast thumbnail mobile
Front Office Sports Today

How the American Soccer Fan is Unlike Any Other Sports Fans

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Billions in Public Funds Are Pouring Into NFL Venues. More Is Expected

Jacksonville and Charlotte are paying big to keep their NFL teams happy.
June 25, 2024

Coyotes Owner Walks Away From Dormant Team After Land Auction Canceled

Alex Meruelo is taking his puck and going home.
June 25, 2024

Charlotte Doles Out Over $700 Million In Upgrades for Pro Sports Teams

The city council approved $650 million in renovations for the Panthers.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 24, 2024

The U.S. Olympic Swimming Team Is Set. The Big Winner? NFL Stadiums

A new, unlikely trend appears to be developing.
June 24, 2024

High Ticket Prices, Half-Empty NFL Stadiums at Copa América

Ecuador-Venezuela drew under 30K. Fans are blaming high ticket prices.
June 23, 2024

Coyotes’ Latest Setback Casts Doubt on the NHL’s Future in Arizona

The team says it ‘seriously jeopardizes’ chances of the NHL returning.
June 21, 2024

Arizona Cancels Auction for Land Coyotes Owner Sought for New Team

The Coyotes’ hopes for a revival in Arizona took another hit Friday.