Surprise! Billionaire Rockets owner Les Alexander puts NBA team up for sale

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As we see the Rockets are currently building a super team which is about to challenge the Golden State Warriors in the Western Conference and takes a shot at the title. Two championships immediately followed Alexander's purchase of the team. General manager Daryl Morey also committed five more years to the Rockets a year after Harden led the team to 55 victories. In 2014, Microsoft CEO Steve Ballmer purchased the Los Angeles Clippers for a sum of US$ 2 billion (AU$2.5 billion). Mutombo's net worth is estimated to be less than $100 million, and the New York Times reported that Rockets are expected to fetch quite a hefty sum.

The 73-year-old Alexander bought the franchise for $85 million in 1993. An update, at the very least, might be in order for this upcoming season. That is the fifth highest rate of any team in that span. And Alexander was no small part in that.

His franchise is in great shape with a winning roster, stable management, and a superstar in his prime locked up for years to come.

Brown emphasized that Alexander is healthy and his health was not an issue in this decision.

Or, to put it more succinctly.

Just two short years ago the Texans ranked No. 16 overall but that was with a valuation of $1.85 billion. "We're going to make sure that it's the right buyer", he said. Of course, if you buy something, you want to do with it what YOU want, so anything is possible.

The Hawks were sold in 2015 to an ownership group led by principal owner Tony Ressler.

The financial fates of sports franchises are influenced directly by the rights fees deals struck with television networks. He just inked James Harden to a huge extension and will have no problem filling the arena each night or selling a local cable contract.

"I seem to be the only one willing to step up and say 'Folks, here's the reality of the situation we face". The Houston Comets won the WNBA's first four national championships, exploding into the fledgling league's first dynasty with stars like Cynthia Cooper and Sheryl Swoopes.

"Leslie Alexander is a true competitor who always searched for the right move to make his teams better".

Fertitta also said he'd keep the Rockets in Houston. "They love Leslie", Brown said.

The former Rockets center added: "A lot of people think it's a great thing". "The fall starts in September".


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