The inevitable time has come for Houston Rockets owner, Leslie Alexander, to release the title he has held for over two decades. Mr. Alexander recently announced that he is ready to sell the franchise. As a huge staple in the Houston community, his philanthropy efforts have impacted the city in numerous ways and he will continue to give back to our city.
According to Forbes.com, as of February 2017, the Houston Rockets team valuation is 1.65 billion. Team owner, Leslie Alexander, bought the franchise in 1993 for $85 million dollars.
The internet is buzzing with potential buyers that may be a good fit for the franchise. But let's be honest with ourselves, if your financial foundation isn't rooted in a significant million or billion dollar range, this sale may not be for you.
Read more about Leslie Alexander's decision from the Rockets.com website. Let the bidding games begin.
