Rockets get Billion Dollar Buyer: Tilman Fertitta buys team from Les Alexander

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The new owner of the Houston Rockets, Tilman Fertitta, is the owner of Landry's Inc. which is one of the nation's biggest restaurant corporations, and he has told KRIV-Fox 26 that he plans to keep the Rockets in Houston.

The Rockets released a statement confirming the sale of the team. The transaction, which includes operation of the Toyota Center Arena, requires the approval of the NBA Board of Governors. He is a native of nearby Galveston, Texas, and now resides in Houston. Terms of the sale were not disclosed, and Mr. Fertitta has no other partners in connection with the transaction.

"The Houston community has been home to me", Alexander said.

Texas native and long-time Houston resident Tilman Fertitta has agreed to purchase the Houston Rockets for a record $2.2 billion, according to Adrian Wojnarowski of ESPN. He has the heart of a champion. He announced in July that he meant to sell the team.

Fertitta showed an immediate interest in acquiring the National Basketball Association team.

"I am excited to welcome and pass the torch to Tilman". Scott Soshnick of Bloomberg confirmed the news, tweeting the Rockets will be sold for a record $2.2 billion.

Neither side has been available for comment.

Fertitt - who owns Golden Nugget Casinos and Landry's restaurant company and hosts "Billion Dollar Buyer" on CNBC - is worth $3.1 billion, per Forbes. Celebrities like Beyonce and Hakeem Olajuwon have expressed interest.

In the Rockets, Fertitta buys a team that figures to be one of the top contenders in the Western Conference next season thanks to their superstar backcourt of James Harden and Chris Paul.

ESPN's Darren Rovel also points out that Fertitta tried to buy the Rockets back in 1994 for $81 million, losing out on the purchase by $4 million.



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