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Alexander sells the Rockets to Fertitta

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By Anthony Caruso III | Publisher

According to Fox 26’s Mark Berman in Houston, Leslie Alexander has agreed to sell the Houston Rockets. He’s selling the franchise to Houston businessman Tilman Fertitta.

The purchase, once approved by the NBA, will be for a NBA-record $2.2 billion. The league could approve the deal as soon as Tuesday.

Former Rockets owner Leslie Alexander (Getty Images)

Former Rockets owner Leslie Alexander (Getty Images)

This deal would surpass the previous record that happened when the Los Angeles Clippers were sold. Donald Sterling sold the franchise for $2 billion to Steve Ballmer in 2014.

Alexander previously announced in July that he was looking to sell the team. According to Forbes, his net worth in Dec. 2016 was $1.9 billion.

He has been involved in sports for quite some time. He has been the Rockets owner for the past 24-years.

In 2008, Forbes magazine listed him as the best owner in the NBA.

From 1997 through 2007, he was the owner of the WNBA’s Houston Comets. They won the first four WNBA Championships from 1997 through 2000.

The franchise was then sold to Hilton Koch in Jan. 2007, before folding a year later.

He also attempted to buy the NHL’s Edmonton Oilers in 1998. However, his bid was blocked by Edmonton businessmen, who prevented the sale and a potential move by the franchise.

Any Corrections?. You can contact Anthony at publisher@thecapitalsportsreport.com.

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