A pair of venture capitalists have submitted a $3 billion bid to buy the Phoenix Suns.
in September in response to a report that found he'd used racial slurs, treated female employees unfairly and made sexually inappropriate comments, among other transgressions.Driving the news:
Jack Selby, the managing director at California-based investment firm Thiel Capital, and Jason Pressman, the managing director of the venture firm Shasta Ventures, also in California, offered to buy the Suns and Phoenix Mercury for $3 billion.in October to invest in startups here. The pair, along with others involved with the bid, met with executives and other leading figures from the Suns organization on Wednesday and toured the team's facilities.Pressman and Selby are putting together a group of about 10 people to help finance the deal.of U.S. Senate candidate Blake Masters' campaign. Thiel could become a significant shareholder in the Suns.Second-round bids are due in January, the WSJ reported.
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