Sports

Houston Rockets owner puts team up for sale

Houston Rockets owner puts team up for sale

Houston Rockets owner Leslie Alexander poses for a photo Monday, .

Rockets executive Tad Brown said Monday afternoon that owner Leslie Alexander is selling the team he's owned since 1993-a sudden, unexpected announcement that stunned people across the league and started a process that seems likely to end in the. "It can wear on you after so many decades and he's exhausted".

"There are passions in his life", Brown said.

"He made the decision". And now they're for sale.

Fertitta's net worth, according to Forbes, is $3.1 billion. He was also quick to clarify there are no health issues with Alexander. Under his ownership, Silver said Alexander created a culture of excellence with strong management.

If you're in the market for a professional sports team, you're in luck.

To read this article in one of Houston's most-spoken languages, click on the button below. He said that soaring valuations, plus the team's added appeal to an overseas investor, could result in the team fetching more than $2 billion. He has not begun negotiations with any prospective owner or group. "He wanted to make a quick decision and go forward". In 24 seasons under Alexander, the Rockets have won 56.9 percent of their games, fifth-highest in the league.

12-year-old-girl killed while water skiing on NH lake
The girl was visiting New Hampshire from Colorado with her parents and sibling, the girl's grandfather told WMUR. Bridgewater police and fire and Bristol fire all responded to the scene.

Also, Ted Brown said that Alexander will find a buyer who will keep the Rockets in Houston. Alexander said he will continue to support the charities he has made commitments to through the years. The Los Angeles Clippers, a perennial loser in the league, were sold for $2 billion in 2014 to former Microsoft CEO Steve Ballmer after the National Basketball Association forced then-owner Donald Sterling to relinquish the team.

The Rockets' next owner will inherit a budding superteam anchored by Harden, who is under team control through the 2022-23 season. "Moreover, his philanthropy speaks just as powerfully as his ownership, with local libraries, women's centers and homeless shelters all benefitting from his generosity".

The team also signed general manager Daryl Morey to an extension. "The organization is in terrific shape".

The good news is the front office, coaching staff and players should not be affected by the Rockets being put up for sale.

"This is something that's been weighing on him a little bit". The league played two preseason games in China a year ago, both featuring the Rockets.

The Rockets have been trying to work out a trade with the New York Knicks involving All-Sar Carmelo Anthony. That could shoot the team's evaluation up even higher than the Forbes estimation. 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.


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