Two minority owners of the Phoenix Suns and Mercury, Kisco WC Sports II and Kent Circle Investments, have filed a lawsuit against the teams' controlling owner, Mat Ishbia, and the franchise’s holding company. The lawsuit, filed in Delaware, alleges mismanagement, conflicts of interest, and a lack of transparency, including refusal to produce internal documents and withheld financial records. The minority owners are demanding access to the teams' books and records to investigate the business and financial condition of the franchise. The Suns organization has characterized the lawsuit as a pressure tactic aimed at forcing a premium buyout, while the minority investors maintain that they have been denied basic details on franchise operations and investments under Ishbia's control. The dispute involves an $825 million demand from the minority owners, which the team has not yielded to.