REPORT: Houston Rockets Owner Has Put The Team Up For Sale
The Houston Rockets have been breaking all types of news this offseason.
On the cusp of trading for former Los Angeles Clippers star Chris Paul and signing James Harden to the richest contract in history, the Houston Rockets are set to have a brand new owner coming in soon.
Rockets are far sale, Rockets president Tad Brown announces.
— Jonathan Feigen (@Jonathan_Feigen) July 17, 2017
Les Alexander bought the Houston Rockets for $85 million back in 1993. It proved to be a great investment as they won championships the next two years. Team is now valued at $1.6-$2 billion, according to Forbes.
It was made clear during the press conference that the team would find an owner that would keep the franchise in Houston.