Beyonce Reportedly Interested In Houston Rockets Ownership Stake
Two weeks ago, Houston Rockets president Tad Brown announced that the team’s owner, Les Alexander, was putting the franchise up for sale. Many names like Yao Ming, Mattress Mack, and Houston billionaire Tilman Fertitta came out as potential buyers of the franchise.
Well, there’s an extremely popular mega-star/Houston native that is also interested in buying a stake in the franchise, according to a report from Bloomberg.
“Pop superstar Beyonce, a Houston native, is mulling an investment in the National Basketball Association’s Rockets, according to people familiar with the matter.”
Beyonce’s husband, Jay-Z, once owned a small percentage of the New Jersey Nets, but he sold his share once he started Roc Nation Entertainment Company.
Les Alexander bought the Houston Rockets for $85 million back in 1993. The team won Championships the following two seasons. The Rockets are currently valued at nearly $1.65 billion, according to Forbes.