Storyline: Houston Rockets Sale

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“We did raise a lot of money. I raised close to $2 billion, but we just didn’t get a call, and it happens,” Mutombo said in an interview with FOX 26 Sports. “I was very happy with myself. I’m not crying for the fact that we didn’t win. I’m more happy that I was able to pull people together who did believe in my vision to put up that much money. I might be disappointed, but I’m not crying. Things happen, and sometimes they happen for a good reason.”

One of Fertitta’s competitors to buy the Rockets was another Houston billionaire, Dan Friedkin. The owner of Gulf States Toyota said in a statement last month he had expressed an interest in exploring the purchase of the Rockets. Several former Rockets stars have expressed some level of interest in being part of a Rockets ownership group, including Dikembe Mutombo, Hakeem Olajuwon and Elvin Hayes, all members of the Naismith Memorial Basketball Hall of Fame. Bloomberg reported last month entertainer Beyonce, who is from Houston, was considering investing in the Rockets. Alexander has owned the franchise for 24 year

Houston billionaire Dan Friedkin, owner and CEO of Gulf States Toyota and the president and CEO of the Friedkin Group, acknowledged in a statement released to FOX 26 Sports that he is interested in buying the Houston Rockets franchise. “I’ve expressed interest in exploring the purchase of the Houston Rockets,” Friedkin said in a statement released by his company. “As a Rockets fan and Houstonian it would be exciting and a privilege to build on the storied legacy of NBA basketball in this city.” Friedkin’s Gulf States Toyota has the exclusive rights to deliver Toyota vehicles in Texas, Louisiana, Arkansas, Oklahoma and Mississippi. Forbes lists Friedkin’s net worth at $3.1 billion.

Beyonce pursuing an ownership stake with the Rockets?

Pop superstar Beyonce, a Houston native, is mulling an investment in the National Basketball Association’s Rockets, according to people familiar with the matter. Rockets owner Les Alexander, a former bond trader, said last month he was selling the team amid a surge in franchise values across sports. The club’s popularity in China may push the sale price past the record $2 billion Steve Ballmer paid for the Los Angeles Clippers three years ago.

She is one of the most influential celebrities, and on par with soccer star Lionel Messi, according to the Marketing Arm’s Celebrity DBI database. She ranks 150th out of more than 4,000 celebrities, and is particularly effective reaching females between the ages of 13 and 17. According to Forbes, Beyonce is second to Sean “Diddy” Combs on its 2017 list of highest-paid celebrities at $105 million. Her net worth is $350 million, Forbes said. Jay-Z is worth $810 million.

Hall of Fame center Dikembe Mutombo, who played the final five years of his career with the Houston Rockets and retired in 2009, said he is working on putting a group together that he hopes will try and buy the Rockets franchise. Owner Leslie Alexander put the Rockets on the market on Monday. “I’m working on it,” Mutombo said in an interview with FOX 26 Sports. “I’m talking to a lot of people already since (Monday). We’ll see. “I’m just talking to the people who can cut the check and they can make me be part of it. I’m working on that.”
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September 24, 2017 | 11:15 pm EDT Update