The Houston Rockets owner Leslie Alexander is selling the basketball team after 24 years of ownership.
Alexander bought the team in 1993 for $85 million, while the team is now valued at $1.65 billion with revenues of $244 million.
He says, “I’ve made this decision after much deliberation with my family and friends, and do so knowing the franchise is in great shape with the players, coaches and management team in place. CEO Tad Brown will oversee the sales process with the league office, supported by my management team.”
No time is currently set for the sale but Houston native and billionaire Tilman Fertitta has expressed interest in buying the Rockets.
Sign Up For Our Newsletter:
Interest in the Rockets is not limited to the U.S. as Houston is the No. 1 team in Asia because of former All-Star Yao Ming’s popularity.
Hopefully who ever buys the team will keep them in H-Town!
The Latest Music, Celebrities and Interviews:
DC Young Fly’s Partner, Jacky Oh Passes Away During Surgery
Influencer Dies After Taking Part In Social Media Drinking Challenge
Texas Legislators Vote To Eliminate Annual Vehicle Inspections
Brazilian Teenager Dies After Masturbating 42 “Times” Without Stopping!!
BREAKING: Fetty Wap Sentenced to 6 Years in Jail
Patrick Clark Indicted By Harris County Jury For Takeoff Murder
Win $250 Cash with The 97.9 CASHOUT Contest
The Ultimate Urban Adventure! Win 4 Free Tickets to Urban Camp Weekend