Reports: Suns owner Robert Sarver retiring as Western Alliance chairman

Apr 15, 2022, 7:55 PM

Owner Robert Sarver of the Phoenix Suns attends the NBA game against the Cleveland Cavaliers at Pho...

Owner Robert Sarver of the Phoenix Suns attends the NBA game against the Cleveland Cavaliers at Phoenix Suns Arena on February 08, 2021 in Phoenix, Arizona. (Photo by Christian Petersen/Getty Images)

(Photo by Christian Petersen/Getty Images)

Phoenix Suns and Mercury majority owner Robert Sarver will reportedly retire as executive chairman of the Western Alliance Bancorporation in June.

Multiple reports say the banking company announced Sarver’s eventual departure on Friday.

Sarver, 60, has held a position on the board of directors since 2002 and served as CEO from 2002-18.

The announcement comes amid an NBA investigation into Sarver’s behavior as the Suns owner including allegations of racism and misogyny reported by ESPN’s Baxter Holmes.

Sarver has denied the allegations.

Western Alliance Bancorporation did not mention the investigation in the announcement nor give any specific reasons to Sarver’s retirement, according to Holmes.

“It has been an honor to serve as executive chairman of Western Alliance Bancorporation,” Sarver said in a statement.

“I want to offer my sincere appreciation to our employees, whose hard work and dedication have allowed us to achieve so much during my 20 years at the company. With the company well positioned for continued success and growth, the time is right for me to begin a new chapter.”

The banking corporation has subsidiaries Western Alliance Bank and Alliance Bank of Arizona and grew its assets by more than $50 billion with Sarver aboard, according to Phoenix Business Journal.

Sarver has been the majority owner of the Suns since 2004.

Phoenix Suns

Marquette guard Tyler Kolek...

Arizona Sports

2024 NBA mock draft tracker: Who might the Phoenix Suns select with the 22nd pick?

The Phoenix Suns own the No. 22 pick in the 2024 NBA Draft and with a salary-capped roster have few avenues to improve their team.

2 hours ago

Yves Missi #21 of the Baylor Bears dunks against Robert Jones #12 of the Iowa State Cyclones during...

Kellan Olson

22 for 22: Should Yves Missi or Kel’el Ware be Suns’ NBA Draft center target?

The Phoenix Suns need a new skill set in the center rotation and both Yves Missi and Kel'el Ware provide one in different ways.

3 hours ago

Jared McCain #0 of the Duke Blue Devils controls the ball during the 1st half of the Sweet 16 round...

Kellan Olson

22 for 22: Best-case prospects to slip to Phoenix Suns in NBA Draft

As much as we can speak in guarantees, so sure about what prospects slot where in the NBA Draft, there is always a possibility guys fall.

1 day ago

Cal's Jaylon Tyson and USC's Bronny James, shown playing against each other in January, are among r...

Arizona Sports

Phoenix Suns pre-NBA Draft workout tracker

With the 2024 NBA Draft coming up on June 26-27, potential draftees have begun working out for the Phoenix Suns.

2 days ago

Juan Nunez of Ratiopharm Ulm 
 challenges TJ Shorts II of Telekom Baskets Bonn during the easyCredi...

Kellan Olson

22 for 22: Juan Nunez is 2024 NBA Draft’s premium passer at PG

The wish list for the Phoenix Suns including a pure point guard would earn Spain's Juan Nunez some consideration in the NBA Draft.

2 days ago


Arizona Sports Video

Video: Drew Eubanks is a good basketball player, just not the right fit for the Phoenix Suns #nba #shorts

John Gambadoro breaks down way Drew Eubanks wasn't the right fit for this Phoenix Suns team.

3 days ago

Reports: Suns owner Robert Sarver retiring as Western Alliance chairman