The Phoenix Suns are a professional basketball team, based in Phoenix, Arizona. They play in the National Basketball Association (NBA).
On January 22, 1968, the NBA awarded expansion franchises to an ownership group from Phoenix and one from Milwaukee.
The primary investors in the Phoenix franchise at its inception had close ties to Tucson, Arizona’s second largest city. They were:
Richard Bloch, a Southern California investment broker/real estate developer and former Tucson resident (no relation to the Richard Bloch who was the co-founder of tax preparation provider H&R Block).
Karl Eller, owner of a major outdoor advertising company and one of the Phoenix area’s most influential business leaders at that time. He was a former football player for The University of Arizona;
Donald Pitt, a Tucson-based attorney;
Don Diamond, Tucson-based real estate investor who eventually replaced Eller on the ownership managing team.
All four men were alumni of The University of Arizona. According to the history section of the Suns website, other investors in the Suns included prominent entertainers such as Andy Williams and...
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