Houston Rockets Owner Leslie Alexander Putting Team Up for Sale
The Houston Rockets are officially on the market.
Rockets CEO Tad Brown announced on Monday that owner Leslie Alexander is putting the team—and Clutch City Sports & Entertainment—up for sale.
Rockets are far sale, Rockets president Tad Brown announces.
— Jonathan Feigen (@Jonathan_Feigen) July 17, 2017
Alexander bought the franchise for $85 million ($144 million adjusted for inflation) in 1993, and reportedly could sell the team for more than $2 billion.
Adjusted for inflation, Alexander bought Rockets for $144M. If it sells for $2.9B (plausible), he'll have a 20-fold return on investment.
— Micah Adams (@MicahAdams13) July 17, 2017
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