Hedge fund targets Phoenix Suns owner Mat Ishbia for potential fraud. Hunterbrook Media's investigative report raises questions about motives. Strategic initiative boosts hedge fund's mortgage lending business, outmaneuvering competitors. Ultimatum impacts broker business, introducing Hunterbrook Media. Monetization strategy of hedge fund-backed newsroom combining shorting stocks and class action lawsuits with news reporting.

The Ringer’s Bill Simmons and Kevin O’Connor react to Lakers-Warriors Game 1 and the Knicks’ Game 2 win over the Heat (3:20), before Bill is joined by Phoenix Suns owner Mat Ishbia to discuss his path to buying the Suns and Mercury, trading for Kevin Durant, his approach to team ownership, the Nuggets-Suns series, and more (32:53). Then Bill talks with SI’s Chris Mannix about the Celtics’ Game 1 loss to the 76ers without Joel Embiid, James Harden’s 45-point performance, and Game 2 adjustments, as well Gervonta “Tank” Davis’s impact on the sport of boxing (1:00:59).Host: Bill SimmonsGuests: Mat Ishbia and Chris MannixProducer: Kyle Crichton Learn more about your ad choices. Visit podcastchoices.com/adchoices