New Suns, Mercury Owner Ending NIL Partnership with Michigan State

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In a letter sent to affected Michigan State University athletes, alum Mat Ishbia's February purchase of the Phoenix Suns and the Phoenix Mercury was cited as the reason the NIL partnership between his mortgage company and the school would be terminated at the end of June.

“As an owner of two professional sports teams, it was asked that Mat/UWM discontinue this NIL partnership to avoid any actual or perceived conflict of interest,” read the letter, which was provided by a spokesperson for Ishbia's United Wholesale Mortgage.

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