Tilman Fertitta Rumors

The Rockets, remember, could have traded Harden to the 76ers for Ben Simmons, but rumblings persist that Tilman Fertitta, Houston’s owner, pushed for the Nets’ deal built heavily on draft compensation in part because he could not bear to send Harden to Philadelphia, where Morey landed after their frosty parting. Amid the Nets’ surge to No. 1 in the N.B.A. in offensive efficiency (117.9 points per 100 possessions) and the Knicks’ unforeseen rise to No. 4 in the cushier Eastern Conference, I hope you haven’t missed last month’s other major development in the East: Simmons has responded to the sting of bracing himself for a trade to Texas with the best two-way basketball of his life.
To the top executives of the NBA, Apollo Global is arguably the most important source of money on planet Earth. The billionaires who run the 76ers and Hawks made fortunes at Apollo. Apollo was born out of Drexel Burnham Lambert, whose alumni are a who’s who of the billionaire set. The banker who raised money for Tilman Fertitta to buy the Rockets worked with Apollo’s founders at Drexel. Apollo is around the corner from league headquarters; NBA commissioner Adam Silver is still close to his college roommate from Duke, who is Apollo’s co-president.
Houston Rockets owner Tilman Fertitta has big plans for his hospitality empire. Fertitta Entertainment, parent company to Golden Nugget casinos and restaurant chain operator Landry’s, is going public through a merger with a SPAC called FAST Acquisition Corp. The new company is valued at $6.6 billion. Fertitta will be the largest stakeholder at 60%. Institutional investors — including Fidelity and BlackRock — are adding $1.2 billion for a roughly 35% stake in the business. Fertitta Entertainment made its move to sports when Fertitta bought the Houston Rockets for $2.2 billion in 2017. Similar crossovers between sports and hospitality have been ongoing for decades.