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Billionaire Tilman Fertitta closes on $2.2B deal to buy Houston Rockets

bizjournals Friday, 6 October 2017 ()
Local billionaire Tilman Fertitta officially owns the Houston Rockets and Clutch City Sports and Entertainment, the NBA team announced in an Oct. 6 press release. The NBA Board of Governors unanimously approved Fertitta as the Rockets’ new owner on Oct. 5. Fertitta bought the team from Les Alexander for an NBA record $2.2 billion, surpassing the $2 billion that Steve Ballmer paid for the Los Angeles Clippers in 2014. “Leslie has left an indelible mark on Houston sports history,” Fertitta…
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Source: Bloomberg Global Business - < > Embed

News video: Tilman Fertitta Bets His New Career Move Is a Slam Dunk

Tilman Fertitta Bets His New Career Move Is a Slam Dunk 06:54

Oct.10 -- Tilman Fertitta, owner of the Houston Rockets, discusses sports team valuations, the future of sports betting and his views on athletes protesting the national anthem and security following the Las Vegas shooting. He speaks with Bloomberg's Scarlet Fu on "What'd You Miss?"

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