“I Don’t Have $4 Billion Just Sitting Around”: Charles Barkley Ends Massive Investment Rumors as NBA Team Looks for New Owner

Did Bill Simmons just say that Charles Barkley could be one of the potential owners of the Phoenix Suns? The Phoenix Suns are yet to find a new owner. It has been several weeks since it was announced that the franchise would be looking for a new buyer. The news came after current owner Robert Sarver announced he would sell the Suns.

However, there’s been no new development on the matter as the search is still on. Although several names have come up on the list of potential buyers, they are yet to give confirmation from their side. However, one such rumored buyer has made his decision pretty clear on the matter.

In an episode of ‘The Bill Simmons Podcast’, the sports analyst had a chat with former NBA player Charles Barkley. The latest episode of the podcast was released on October 26, 2022. The duo talked about Barkley being a co-owner of the Phoenix Suns. Simmons said that since the Suns are performing really well, he wouldn’t be surprised to see Barkley among the interested buyers.

“Well… you know the problem is, my phone has been blowing up. But I tell them like, ‘Guys, I am very well paid but I don’t have $4 billion just sitting around,'” said Barkley.

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Furthermore, Barkley said that the team would probably go for about $4 billion dollars. However, he was not willing to waste that kind of money to be able to own just a 5% stake. Barkley explained that he would rather have the amount than spend it on a minor percentage just to be called a team co-owner.

Charles Barkley says he is in if Barack Obama is involved

Reflecting on what Charles Barkley said, Bill Simmons agreed that a person can no longer run the entire team by being a minor stake owner. However, Simmons broke a piece of big news as he said that the former President of the US might be involved in one of the potential buyers’ groups. Simmons speculated that in case Barack Obama was involved, the investors wouldn’t mind making him the face of the franchise. Interestingly, Barkley then chimed in and said that if Obama called him, he would definitely be buying in.

“If President Obama calls me and say, ‘Hey, would you be a part-owner of the team?’ Hell yeah! You know I got so much love and admiration for that guy,” said Barkley.

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Looks like Charles Barkley’s involvement as one of the owners solely depends on the 44th President.

Do you think Barack Obama would become the face of the Phoenix franchise? Let us know your thoughts in the comments section below.