NBA Houston Rockets Sell for $2.2 Billion,to Tilman Fertitta

Houston restaurateur Tilman Fertitta is buying the Houston Rockets for $2.2 billion, people familiar with the deal report ,after Rockets owner Les Alexander announced in July that he was selling the franchise, which he bought for $85 million in 1993.

By selling to Fertitta, the Rockets will be in the hands of a local owner. Fertitta lives in Houston and grew up in Galveston, Texas. Fertitta has no other partners in the transaction.

Fertitta is the CEO of Landry’s Inc., a company that owns restaurants, casinos, hotels, aquariums and a high-end car dealership.

The restaurant and casino billionaire Tilman Fertittam said “I am truly honored to have been chosen as the next owner of the Houston Rockets,” Fertitta said in a release from the team. “This is a life-long dream come true,”. Leslie Alexander has been one of the best owners in all of sports, and I thank him immensely for this opportunity. He has the heart of a champion.”

The Terms and conditions were not publicly disclosed and must be approved by the NBA Board of Governors. If and when confirmed, that total would surpass Steve Ballmer’s $2 billion deal to purchase the Los Angeles Clippers in 2014 as the most expensive franchise sale in NBA history.

About KokoLevel Blog Staff 3633 Articles
Advertisement, Content marketing and  sponsored post: contact : Kokobest04@gmail.com