Robert Sarver Rumors
Arizona’s top basketball executive is taking another corner kick on a European soccer club. Robert Sarver, managing partner of the Phoenix Suns and chief executive officer of Western Alliance Bancorporation, confirmed that he’s leading a small group of investors interested in purchasing Levante, a club in Valencia, Spain, that plays in the nation’s top league.
Sarver previously made a failed bid to buy another European soccer team, the Rangers franchise of Glasgow, Scotland, for nearly $30 million. Without discussing details of the Levante proposal — which European media sites have pegged at around $60 million — Sarver said he enjoys soccer and sees long-term business opportunities in the sport. Sarver’s investor group reportedly includes former Suns all-star Steve Nash and the team’s vice chairman, Andy Kohlberg.
Hornacek has an ideal relationship with the front office, regularly meeting after practices and games and sharing the same philosophies. It will be interesting to see whether management wants to pick up Hornacek’s 2016-17 contract option year and can convince Managing Partner Robert Sarver to do so. It would show their belief in him before next season, his contract’s last guaranteed year.