Phoenix Team Formation
Jerry Colangelo New Owner
General manager Jerry Colangelo lead a group that bought the team from its owners for $44 million, a record at that time.
In April 2004, Colangelo sold the Suns, Mercury and Rattlers to an investment group headed by San Diego, California businessman, Tucson, Arizona native Robert Sarver for $401 million. The sale allegedly came in part to keep his family from having to pay high estate taxes upon Colangelo's death.
Talking Stick Resort Arena
Renovations were completed in March 2003, which feature a 16,000-square-foot air-conditioned glass-enclosed atrium built on the northwest side of the arena, to keep patrons cool while waiting in line for tickets or spending time inside the building before events. The total cost was estimated at around $67 million. The upgrading of US Airways Center was done as part of the Phoenix Suns' plan to keep it economically competitive after Jobing.com Arena opened. Former Suns owner Jerry Colangelo originally thought of the renovations after visiting Staples Center in Los Angeles and envisioned a similar entertainment district in Phoenix.
New Owner Robert Sarver
Waiting for the News
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Arizona Veterans Memorial Coliseum
NBA Championships: 0
|*Red is this team's history|