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

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