Billionaire mortgage lender Mat Ishbia is finalizing a purchase of the Phoenix Suns. The deal, expected to be completed in the near future, would end the tumultuous tenure of owner Robert Sarver.

Ishbia was on the Michigan State team that won the NCAA men’s basketball championship in 2000 and worked alongside coach Tom Izzo for a year before joining UWM Holdings, founded by his father Jeff in 1986.