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Jahm Najafi Rumors

Sarver is the team’s controlling owner and owns approximately 35% of the Suns, a person familiar with details of the ownership structure told USA TODAY Sports. The person requested anonymity because they were not authorized to speak publicly about those details. Suns vice chairman Jahm Najafi is the team’s second-largest investor, USA TODAY has learned, and he released a strongly worded statement Thursday. “I have been made aware of the allegations against Robert Sarver, the managing partner who runs the Phoenix Suns,” Najafi said in the statement. “The conduct he is alleged to have committed has stunned and saddened me and is unacceptable.
Storyline: Robert Sarver Scandal
Najafi is the CEO of Najafi Companies, a private investment firm based in Phoenix. The Suns’ web site says the company has “ holdings in sectors including sports, consumer, media, technology, and real estate.” Late last year, Najafi made a significant investment into Formula 1’s McLaren Racing, making him a vice chairman of the auto sports team. Could Najafi, who joined the ownership group in 2009, and other shareholders try to force Sarver to sell his shares or somehow overtake him as the controlling owner? Certainly possible.