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Larry Fitzgerald acquires stake in Phoenix Suns

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Posted at 8:25 AM, Jan 22, 2020
and last updated 2020-01-22 10:25:41-05

Arizona Cardinals star Larry Fitzgerald has just acquired a stake in the Phoenix Suns, the team announced Wednesday.

Fitzgerald joined the ownership group by purchasing a minority stake.

"Larry has been a great ambassador for our organization for years. He is an Arizona icon and a businessman, passionate philanthropist, and leader," said Suns managing partner Robert Sarver, in a media release. "He brings a unique perspective from outside basketball but still grounded in sport, and we welcome him as a valued partner and investor."

Fitzgerald reportedly told NFL.com that "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."

Fitzgerald says he's supported the team since he arrived in Arizona.

"I have a special place in my heart for the Phoenix Suns and Mercury, and I have a great deal of respect for Robert," Fitzgerald said, according to a press release. "He has become a dear friend and a trusted confidante. He is a big part of why I am making this commitment."

RELATED: Report: Larry Fitzgerald helped Suns with front office interviews

Talks to join the Suns reportedly started a couple years ago, NFL.com says.

Fitzgerald also recently re-signed with the Cardinals for the 2020 football season. He will remain as a wide receiver for the Arizona NFL team with a one-year contract.

Read more from NFL.com.