.com news services

Curiosity about the Rockets may not be restricted to the U . s . States. Houston may be the No. 1 team in Asia due to the recognition of former All-Star Yao Ming of China.

“It has been my great pleasure and recognition to possess the Houston Rockets within the last 24 years,” Alexander stated inside a statement. “I have had the incredible chance to witness true greatness with the players and coaches who’ve won titles for that city, been named to any or all-Star and all sorts of-National basketball association teams, enshrined within the Basketball Hall of Fame, and done this much for the franchise and our fans.

Information in the Connected Press was utilized within this report.

Owner Leslie Alexander is putting the Houston Rockets up for purchase after 24 many years of possession.

There’s no set timetable for that purchase, but Brown stated they would like to find the correct buyer and will not hurry the procedure.

Alexander bought they in 1993 for $85 million. values the franchise at $1.65 billion — great for eighth within the league — with revenue of $244 million.

“I have chose to make this decision after much deliberation with my loved ones and buddies, and achieve this understanding the franchise is fit using the players, coaches and management team in position. Chief executive officer Tad Brown will oversee the sales process using the league office, based on my management team.”

Brown stated Alexander have been contacted through the years by potential customers but never considered it until very lately. Actually, a sports investment banker told ’s Darren Rovell he was “shocked” through the announcement because Alexander had not openly expressed curiosity about selling.

Leave a Comment

Your email address will not be published. Required fields are marked *