Houston Rockets put up for sale

17 Juillet, 2017, 23:52 | Author: Marie-Claire Cellier
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The Houston Rockets are for sale.

Purchasing the team for NZ$115 million, Alexander is expected to make quite the profit, with Forbes putting a NZ$2.25 billion valuation on the franchise.

The Houston Rockets are for sale and owner Les Alexander is looking for a potential buyer, the team announced Monday.

The last NBA franchise to be sold was the LA Clippers, which were taken over by the league and commissioner David Silver after former owner Donald Sterling was barred from having any association with the NBA for his role in a racist conversation that was secretly recorded by his friend, V. Stiviano.

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The trademark of Alexander's ownership has been a constant pursuit of stars. Alexander's Rockets also made worldwide headlines in 2002 when they made Yao Ming of China the No. 1 pick in the draft. The Rockets also traded for Chris Paul in late June as the team tries to prepare to compete against the Warriors.

According to Brown, Alexander said owning a team "can wear on you after so many decades" and that he wants to focus on his philanthropy work and family. "The great players, Hall of Fame players and coaches, championships won, all-NBA teams made. And the Houston community has been home to me".

The Rockets recently gave star guard James Harden the largest contract in National Basketball Association history, a four-year extension that brings the deal to a reported $228 million. 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. "CEO Tad Brown will oversee the sales process with the league office, supported by my management team".

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