n a surprising move back in July, Houston Rockets owner Leslie Alexander decided to put the team up for sale. Now, less than two months later, he has a buyer. On Tuesday, the Rockets announced that the franchise has been sold to local businessman Tilman Fertitta. According to Adrian Wojnarowski the price tag will be a staggering $2.2 billion, setting a new record for the price of an NBA franchise. Via ESPN:
Rockets owner Leslie Alexander has agreed to sell the team to Houston billionaire Tilman Fertitta for $2.2 billion, a record-NBA franchise sales price, a league told ESPN’s Adrian Wojnarowski.
Fertitta confirmed the news himself on Twitter.