Lunes, 28 May, 2018

Houston Rockets owner puts team up for sale

Troy Taormina-USA TODAY Sports Troy Taormina-USA TODAY Sports
Galena Nuncio | 17 Julio, 2017, 23:52

The Houston Rockets are for sale. Alexander bought the team for $85 million back in 1993, and Forbes recently valued the franchise at roughly $1.65 billion, so he figures to get a very nice return on investment here.

Team CEO Tad Brown made the announcement at a news conference that owner Leslie Alexander chose to sell the club in the past few days.

The Rockets' next owner will inherit a budding superteam anchored by Harden, who is under team control through the 2022-23 season.

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"It's a grind", Brown said when explaining the reason behind Alexander's decision.

The trademark of Alexander's ownership has been a constant pursuit of stars. James Harden made the All-NBA first team for his efforts last season and recently inked an $170 million extension to remain with the Rockets through 2023. "The great players, Hall of Fame players and coaches, championships won, all-NBA teams made".

Brown also says 72-year-old Alexander isn't selling the team because of health issues. "And the Houston community has been home to me".

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Alexander was also the original owner of the now defunct Houston Comets of the WNBA, a franchise that won four consecutive titles. 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.

The unexpected announcement, which reportedly even caught people within the organization by surprise, comes less than two weeks after the Rockets signed James Harden to the biggest contract extension in National Basketball Association history. "CEO Tad Brown will oversee the sales process with the league office, supported by my management team".

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