Legendary Larry Fitzgerald, the future Hall of Fame Arizona Cardinals wide receiver, has purchased a minority ownership share of the Phoenix Suns. The NBA franchise estimated value was $1.5 billion in 2019 according to Forbes. The news comes after Fitzgerald re-signed with the Cardinals for one season, which will be his 17th season in 2020. Larry Fitzgerald will become the second active NFL player with an NBA ownership share. The offer was made to Larry Fitzgerald by Suns Owner Robert Sarver 2 years ago when he was considering retirement from the NFL.
“It’s an honor to have the opportunity to invest in the Suns, a historic franchise with a very bright future,” Fitzgerald said in a tweet. “I’m blessed to call the Phoenix community and the state of Arizona my home and I’m excited to make a long-term commitment as an owner, but more importantly as a fan!”
It's an honor to have the opportunity to invest in the @Suns, a historic franchise with a very bright future. I'm blessed to call the PHX community and the state of Arizona my home and I'm excited to make a long-term commitment as an owner, but more importantly as a fan! #Suns pic.twitter.com/2OjmE830mQ
— Larry Fitzgerald (@LarryFitzgerald) January 22, 2020
“It’s an investment in something I have supported since I’ve been in Arizona,” Fitzgerald told NFL.com. “It gives me another connection in the community I love and always will live in. It’s a long-term commitment I wanted to make for life after football.”
Sarver told NFL.com that Fitzgerald will be an advisor and resource to the Suns’ business and basketball staff. Fitz will also be an advisor to players for both the Suns and Mercury, Phoenix’s WNBA franchise.
One of the greatest to ever do it has invested in your Suns.
— Phoenix Suns (@Suns) January 22, 2020