Owner Leslie Alexander puts Houston Rockets on market after 24 years
If you're in the market for a professional sports team, you're in luck.
Houston Rockets owner Leslie Alexander has put the western conference heavyweights on the market after 24-years of ownership.
Purchasing the team for NZ$115 million, Alexander is expected to make quite the profit, with Forbes putting a NZ$2.25 billion valuation on the franchise.
"Leslie Alexander has put the Houston Rockets and Clutch City Sports and Entertainment up for sale," Rockets CEO Tad Brown said in a statement.
"It's been a great joy in his life and pleasure to be the owner of the Houston Rockets. The great players, Hall of Fame players and coaches, championships won, All-NBA teams made. Just the connection with the community that's been established over 24 years has been an incredible opportunity that he's just loved."
There's not a timeline on when Alexander wants to sell but they're not thought to be in a rush to offload the side.
Interest is likely to come from far and wide, particularly from outside America with the Rockets being the number one team in Asia, mostly due to the popularity of former All-Star Yao Ming of China.