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.
A person familiar with the situation says NBA Hall of Famer Michael Jordan has a small stake in Derek Jeter’s investment group that reached an agreement to buy the Miami Marlins. The person confirmed Jordan’s role to The Associated Press on condition of anonymity Sunday because the parties involved have not commented.
Miami Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to a group led by New York businessman Bruce Sherman and former New York Yankees star Derek Jeter, and Major League Baseball is expected to receive the written agreement on Friday, according to a New York based MLB source.
Thursday’s ruling by the Ohio Supreme Court could lead to voters getting a say on the city’s use of tax dollars for upgrades at Quicken Loans Arena. Still unanswered is when that issue could be on the ballot.
Elections for the Nov. 7 ballot passed on Wednesday, according to the board’s election calendar. But a lawyer for the Cleveland taxpayers who sued to force the city to move on the issue said it’s now up to the city to make it happen.
Minnesota Timberwolves owner Glen Taylor said Monday that he is ready to commit nearly $150 million to Andrew Wiggins with a max-level extension of his rookie contract. Before he does so, Taylor wants to sit down face-to-face with Wiggins to hear the former No. 1 overall pick commit to the franchise in a similar fashion.