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Tilman Fertitta Buys Rockets For Reported NBA-Record $ 2.2 Billion

Tilman Fertitta, the CEO of the Houston, Inc.-based Landry’s, has entered into an agreement to purchase Leslie Alexander’s NBA Houston Rockets franchise .

Fertitta confirmed the agreement on Twitter, calling it “an honor” to be a part of the NBA:

Mark Berman of KRIV first reported the sale scheduled for Tuesday. Scott Soshnick of Bloomberg confirmed the news, twittering the Rockets will be sold for a record $ 2.2 billion.

In July, Alexander issued a statement ] through the team CEO Tad Brown about his intention to sell the organization after more than two decades as an owner:

“It has been my great joy and honor to possess the Houston Rockets for the past 24 years. I have had the incredible opportunity to be the object of real greatness by the players and coaches who have won the city championships, were named to the All-Star and All-NBA teams, registered in the Basketball Hall of Fame, and did so much for our franchise and our fans.

“And the Houston community has been home to me, and I will continue to support the charities I have made commitments to throughout the years and I will always have a special place in my heart for fans, partners, city officials and employees who are so deeply concerned about this team.I made this decision after many deliberations with my family and friends, and I know that the franchise is in great shape with players, coaches and management team in place. ”

Fertitta showed an immediate interest in the acquisition of the NBA team Berman shortly after the announcement of Alexander, he was considering exploring the situation.

“I’ve always been interested in the Rockets,” he said. “It’s one of the four big teams in Houston. teams, but it’s hard to be involved in another team when Houston is your home. ”

TheRichest listed the net worth of the 60-year-old conservator at $ 2.7 billion. Fertitta is also the owner of Golden Nugget Casino in Las Vegas. In February, Forbes estimated Rockets’ value at $ 1.65 billion, eighth highest in the league.

With the (19459054) Chris Paul in a blockbuster exchange with Los Angeles Clippers and signed MVP container James Harden at a massive four-year contract extension and $ 228 million.

If approved, Fertitta will become the 10th owner in the history of Rockets and inherit a team with fourth highest rating to win the 2017-18 NBA Championship, by Odds-shark.

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