The NBA and sports business have heard that Robert Sarver has been banned from the sport.
NBC News says the Phoenix Suns and Phoenix Mercury owner has been banned from basketball for a year. The NBA also fined him $10 million for making rude and bullying comments at work that were impolite and inappropriate.
The $10 million fine is the most the league can ask for, and it is by far the most money taken from any person in professional basketball history.
After months of investigation, the allegations against the well-known businessman have turned out to be true.
Robert Sarver is worth a lot of money and he has a family of four that includes his three sons
As well as owning Phoenix Suns and Phoenix Mercury, Robert Sarver also owns RCD Mallorca. He’s a good basketball player, but he also runs Southwest Value Partners, a company that builds new homes.
Robert is a stunning multi-millionaire busy with his billion dollar teams and company. He is also a family man and the father of his three children.
His longtime marriage to Penny Sanders gave him three sons: Jake, Max and Zach. All their sons were boys and they raised them near them. Robert and Penny are very close to each of their children.
The Sarver kids don’t just stay at home. They also go to Phoenix games with their parents and cheer them on.
Arizona Sports took photos of the Sarver family having fun together many times, including at a March 2019 game between the Suns and the Bucks.
Robert is a wealthy man with a net worth of more than $80 million. He made a good life possible for his family.
Phoenix: Robert Sarver children are two years old
The three sons of the suspended Phoenix owner are all about the same age. Max was born in 1997 and Jake joined two years later in 1999.
Likewise, Zach, the youngest son of the wealthy Sarver family, was born in 2001, two years after Jake. In 2022 Max will be 25, Jake 23 and Zach 22.
The youngest of his sons made headlines in 2017 when Arizona Central wrote about going from making a comeback to winning a state championship in high school.
Later, Zach, then 16, suffered a serious brain injury while skateboarding. This put him in a coma. But his family and coach helped him get back on the field and he was able to play again.
He then helped his team, the Phoenix Country Day School, win a state championship, which was his greatest achievement.
Zach moved on from the traumatic event because he won and everyone continued to support him.
Robert Sarver, who owns an NBA team, is still married to Penny Sarver
Penny Sanders is married to Robert Sarver, who is known as a big name in the NBA.
Mrs. Penny is proud to be from Missouri and happy to have three sons. The Sun confirms the happy couple met in 1991 and were together for a number of years before wedding on November 2, 1996.
Sanders is also an entrepreneur. She and her husband do the same work. She seems interested in her husband’s sporting goods store as she usually goes to games with him.
She formerly worked for Prentice-Hall as a college textbook marketer. After earning a bachelor’s degree in business administration from the University of Oklahoma in 1990, the matriarch of the Sarver family went into business.
Today, Penny spends most of her time looking after her young sons and helping her husband win.
But Robert’s current situation with his ban has prompted his family to get involved. Penny and her sons have said nothing about what is going on.
How I grew up and went to school
Sarver’s parents, Irene and Jack Sarver, raised him in Tucson. Sarver is Jewish. His father was a prominent businessman, banker, and hotel developer in Tucson. He built the Aztec Inn and Plaza International Hotel (now an Aloft Hotel) at the Speedway and in Campbell in the early 1970s. He also built and managed Howard Johnson’s Tucson locations and was CEO of the American Savings & Loan Association. In 1979, Jack Sarver died of a heart attack. His son Robert later donated money to the University of Arizona Heart Research Center, which was renamed the Sarver Heart Center in 1998 in honor of his father. By age 16, he was working for American Savings and Loan, the company his father ran. Sarver attended high school in Tucson and graduated from Sabino High School in 1979. In 1982 he received a bachelor’s degree in business administration from the University of Arizona. Sarver qualified as a chartered accountant in 1983.
Sarver founded the National Bank of Tucson (which he expanded statewide and renamed the National Bank of Arizona) in 1984. In 1994 he sold the National Bank of Arizona to Zions Bancorporation. At the time, the National Bank of Arizona was the state’s largest independent bank. In 1995 he bought Grossmont Bank, one of the largest local banks in San Diego. In 1997, Zions Bancorporation also bought Grossmont. Sarver was responsible for getting Zions Bancorporation to buy Sumitomo Bank of California in 1998.  In 2003 he was appointed Head of Western Alliance Bancorporation.
real estate development
Sarver and Millard Seldin co-founded real estate firm Southwest Value Partners in 1990. In 1995, Southwest Value Partners purchased the San Diego building called Emerald Plaza. In 2004, his real estate company, Southwest Value Partners, sold the Emerald Plaza and two other San Diego office buildings to a Santa Ana real estate company, Triple Net Properties, for $274.5 million.
Sarver has always loved sports, and his plan to buy an NBA team began with a conversation with Lute Olson, the basketball coach at the University of Arizona. Olson put Sarver in touch with Steve Kerr, a 15-year NBA veteran and former Arizona player, to help him buy an NBA team. In 2004, he paid a record $401 million for the Phoenix Suns.
Since buying the team, Sarver has been responsible for many organizational changes. In 2020, Sarver, the Suns and Verizon collaborated to build the Verizon 5G Performance Center, a state-of-the-art 53,000-square-foot practice arena. The $45 million building uses 5G technology to combine computerized motion analysis, player and ball tracking, and shot tracking. This gives accurate information to players and coaches. Both the Suns and the Phoenix Mercury of the WNBA use this new technology to push the boundaries of sports science. The Footprint Center, formerly called the Talking Stick Arena, underwent a $230 million renovation and expansion in 2021. The renovation will include upgraded seating, themed bars, new suites and more social areas. In addition to the physical changes to the arena, the way the game is shown has also changed. The sound, light and video systems have all been upgraded. Changes have also been made to the arena’s infrastructure, making it one of the greenest sports stadiums in the United States.
The last time the Suns were in the NBA Finals was in 1993. Despite their young core playing well, the Suns lost to the Bucks 4-2. At the start of the season, the Suns were not considered potential title contenders. However, Sarver, general manager James Jones and coach Monty Williams quickly built the team into one of the best in the NBA.
Sarver has been criticized by current and former employees, agents, and rival executives for being “an interventionist owner with more power than expertise, an unstable front office, an understaffed scouting department, and an outdated facility that separates decision-makers from players and… Trainer”.
On November 4, 2021, Baxter Holmes wrote a report on Sarver and the Suns for ESPN. In it he accused Sarver and members of the front office of racism, sexism and sexual harassment. For example, Holmes said that Sarver told a trainer to fire a minority agent and told staff at a meeting that he liked extra-large condoms.
More than seventy former and current Suns employees approved the report. Sarver and his legal team dismissed most of the allegations, saying few sources were known and that although the reporter spoke to 70 employees, the article didn’t show they all said bad things about the organization. Sarver and the Suns were happy to hear the NBA would look into the claims.
The NBA suspended Sarver for a year on September 13, 2022 after an independent investigation found that he used the N-word more than once, sexually harassed and assaulted both male and female employees, and disrespected employees.
Jerry Colangelo founded the company in 1997 and Sarver bought the Phoenix Suns and the WNBA team in 2004.
The Phoenix Mercury were one of the first eight teams to join the WNBA for its inaugural season in 1997. They are one of only three teams left in the current 12-team league (along with New York Liberty and Los Angeles Sparks). Only five of the twelve WNBA teams are owned by the same people as their NBA counterparts (Indiana Fever, Minnesota Lynx, New York Liberty, Phoenix Mercury, and Washington Mystics). Under Sarver’s ownership, the Mercury have won three WNBA titles (2007, 2009, and 2014) and four conference titles, including this year’s (2007, 2009, 2014, 2021).