Mat Ishbia, majority owner of the NBA's Phoenix Suns, talks to the media during his introductory press conference at the Footprint Center in Phoenix, Arizona, on Feb. 8, 2023. Phoenix Suns owner Mat Ishbia is forming a new sports, entertainment and real estate investment group as a single unifying place for his investments. The new investment or holding company will be called the Player 15 Group, the company announced Wednesday. It will house the National Basketball Association's Phoenix Suns, the Women's National Basketball Association's Phoenix Mercury and the newly acquired G-League team for the Suns. The group follows similar one-stop shop investment groups such as Fenway Sports Group, Harris Blitzer Group and The Kraft Group.

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Persons: Mat Ishbia, Ishbia, Harris Organizations: Phoenix Suns, Footprint, Basketball, Phoenix Mercury, League, Suns, NBA, CNBC, Footprint Center, Phoenix, Mercury, Fenway Sports Group, Harris Blitzer Group, The Kraft Group, United Wholesale Mortgage, Forbes, Michigan State University Locations: Phoenix , Arizona, Phoenix