Newly minted Houston Rockets owner Tilman Fertitta said he’d rather not take on limited partners, but he would be willing to make an exception for pop superstar Beyonce. “I prefer to own 100 percent,” Fertitta told the Bloomberg Business of Sports podcast that airs Oct. 13. “If somebody as special as a Beyonce or somebody like that wanted to come in for a tiny percentage because they wanted to be an ambassador for the team because this is their hometown — would I sit down and discuss it with them? Yeah, I would sit down and discuss it with them. It’s a compliment to have somebody like Beyonce to want to be a part of your team.”
Later in the day, the 60-year-old spoke to TMZ where he was asked if he’d be open to having Beyoncé be part of the team in some way since it was reported that she was interested in purchasing some of it. Fertitta responded: “Beyoncé’s a wonderful, wonderful ambassador for Houston. To have anybody like Beyoncé to join my team in some capacity, I would truly appreciate. Beyoncé is Beyoncé. She’s our most favored woman in Houston. It’d be great to have her involved in any way.”
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 Rockets legend Kenny Smith believes the chances of Beyonce becoming a part owner of the team are “very good” — and would immediately “change the whole dynamic of sports.” The singer is reportedly interested in buying a stake of the NBA team — with current owner Les Alexander recently announcing he’s looking to sell.
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.