Earlier today, it was reported that Rockets Chief Executive Offer Tad Brown would be giving a major announcement regarding the franchise at 2 P.M. The announcement would be that Leslie Alexander will be looking to sell the Rockets franchise.
PRESS RELEASE: Houston Rockets Owner Leslie Alexander Announces Intentions to Sell Franchise
— Houston Rockets (@HoustonRockets) July 17, 2017
Alexander took over as Rockets owner in 1993, purchasing the team for $85 million. The 24-year reign has come to an end. Alexander has been in Houston for it all. The back-to-back championships for the Rockets came during the first two years of Alexander’s tenure. He was also the owner of the Houston Comets from 1997-2007.
One thing that stood out about Alexander was how much he cared about the players. During Game 5 of the first round of the playoffs this past season, he got out of his chair and walked over to referee Bill Kennedy to voice his anger with how the game was being officiated. He always made sure his players were being treated right and looked to make them as happy as possible.
With the Rockets currently one of the best teams in the NBA right now with two superstars on the team, they are not going to come at a cheap price for bidders. There is a chance the franchise is sold for over a billion dollars. Tilman Fertitta, the Chairman and CEO of Landry’s and Golden Nugget hotels, has shown interest in purchasing the team.
The Rockets will need to be cautious throughout the bidding process. The owner is one of the most important positions for an NBA team. They need to have a passion for the players and be okay with taking risks. Alexander was always willing to spend money, and the new owner will need to follow in his footsteps.