PHOENIX SUNS

Report: Suns vice chairman Jahm Najafi to buy X Games

Jan 26, 2022, 10:00 AM | Updated: 10:04 am

Phoenix Suns vice chairman Jahm Najafi is set to take over as the new owner of the X Games, according to Sportico.

An investment group led by The Najafi Companies and MSP Sports Capital has signed a letter of intent to purchase the X Games from the Walt Disney Company toward the end of the quarter, per the report.

Najafi is the CEO of Phoenix-based Najafi Companies, a private investment firm he’s been at the helm of since 2002.

MSP Sports Capital is the investment firm that was co-founded by Najafi and former Arizona Diamondbacks part-owner Jeff Moorad, who had a 12% stake in the team from 2004-11.

Moorad Sports Partners (MSP) was founded by the former D-backs owner in 2013 and specializes in sports-related businesses, including purchasing and managing professional sports franchises.

The group has made large investments before, such as putting $300 million into McLaren Racing in December 2020.

X Games Aspen 2022 took place this past weekend from Friday to Sunday at the Buttermilk Ski Resort in Colorado.

Phoenix Suns

(Instagram/LeagueFits)...
Jake Anderson

Suns’ Devin Booker wins LeagueFits MVP, Chris Paul named to 2nd Team

Phoenix Suns All-Star guards Devin Booker and Chris Paul were recognized for their drip off the court by LeagueFits on Friday.
1 day ago
Mikal Bridges #25 of the Phoenix Suns steals the ball from Luka Doncic #77 of the Dallas Mavericks ...
Kellan Olson

Phoenix Suns’ Mikal Bridges named to NBA’s 1st Team All-Defense

Phoenix Suns forward Mikal Bridges was named to the NBA's First Team All-Defense, the league announced on Friday.
1 day ago
Phoenix Suns forward Jae Crowder, center, pass the ball to teammate JaVale McGee (00) as he drives ...
Kevin Zimmerman

Suns’ offseason questions: How Phoenix can remake role player ecology

The Suns could be faced with trading veterans and retooling their bench to save money and better complement Devin Booker and company.
1 day ago
Head coach Monty Williams of the Phoenix Suns talks with Chris Paul #3 during the second half of th...
Dan Bickley

Focus should be on Chris Paul after Suns’ unexplained collapse

Monty Williams, according to multiple sources, had something of a fallout with Suns point guard Chris Paul.
2 days ago
Cameron Johnson #23 of the Phoenix Suns walks to the locker room at halftime of Game Seven of the W...
Kellan Olson

Suns’ offseason questions: Cam Johnson has earned expensive extension

Phoenix Suns forward Cam Johnson has developed into a great well-rounded player and he deserves a hefty pay day.
2 days ago
Owner Robert Sarver and general manager James Jones of the Phoenix Suns look on during the NBA pres...
Kellan Olson

Suns GM: ‘Luxury tax issues’ won’t prevent ability to keep team together

Phoenix Suns general manager James Jones spoke on Wednesday and discussed something that will be a factor this offseason: the luxury tax.
2 days ago
Report: Suns vice chairman Jahm Najafi to buy X Games