Houston Rockets Are Put Up for Sale

Rufina Vignone
Luglio 18, 2017

Houston Rockets owner Leslie Alexander poses for a photo Monday, March 27, 2017 in Houston.

Leslie Alexander bought the Houston Rockets in July 1993 for $85 million. The value of the franchise has grown steadily since the Hakeem Olajuwon era, thanks in large part to Yao Ming's global appeal.

Houston Rockets chief executive Tad Brown on Monday told reporters at a news conference that owner Leslie Alexander is putting the team up for sale. "I think (Alexander) had a real good conversation with his family and close, close friends", Brown said.

Brown said the 74-year-old Alexander had been approached over the years by potential buyers but never considered it until very recently. There are passions in his life now that are becoming more and more clear, his family and his philanthropic efforts.

The 73-year-old businessman and financier won back-to-back championships in 1994 and 1995 in his first two seasons as team owner and has spent more than two decades trying to get his team back to the top of the National Basketball Association. Alexander said he will continue to support the charities he has made commitments to through the years.

There is no set timetable for the sale, but Brown said they want to find the right buyer and won't rush the process. Tucker and Luc Mbah a Moute to a 55-win team. not to mention that James Harden just recently signed a record four-year extension.

"Well-respected around the league, he has been an active and influential owner whose vision helped to grow the game globally, especially in China".

"Wow. Superstar under contract long-term in a big market". The league played two preseason games in China past year, both featuring the Rockets. In recent weeks, the Rockets have been at the center of trade rumors surrounding New York Knicks star Carmelo Anthony. Forbes valued the team at $462 million in 2008.

"I'll always have a special place in my heart for the fans, partners, city officials and employees who care so deeply for this team", Alexander said. The great players, Hall of Fame players and coaches, championships won, All-NBA teams made.

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