HOUSTON – NBA owners have unanimously approved Tilman J. Fertitta to become the owner of the Rockets franchise.
“I could not be happier. To own the Rockets in my hometown of Houston is a dream come true. I promise to continue to make this city proud of the Rockets and to do what we can to bring home a championship,” Fertitta said.
Fertitta is buying the team from Leslie Alexander for a record $2.2 billion, according to reports.
“Leslie has left an indelible mark on Houston sports history. Not only did he bring two championships to our city, he created a winning environment and culture. He is a tough act to follow,” Fertitta said.
Fertitta was a former limited partner of Charlie Thomas when he owned the team back in the early 1980s.
“I have been friends with Tilman since 1993, so it is my great honor to announce that Tilman and his family have been able to fulfill their dream of owning the Houston Rockets. Tilman’s passion, commitment to excellence, and unrivaled love for the city of Houston are going to serve him well as a great owner of this proud franchise,” Alexander said.
Fertitta will be introduced at a press conference on Oct. 10 at noon.