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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