Beyonce reportedly interested in buying the Houston Rockets, everyone is hype
According to reports, pop superstar and supreme goddess Beyonce is interested in buying the Houston Rockets.
Scott Soshnick of Bloomberg broke the story. Two weeks ago, Rockets owner Leslie Alexander announced that he was going to sell the team in a rather surprising decision.
Alexander said in a news conference of his decision:
“It’s been my great joy and honor to own the Houston Rockets for the past 24 years. … I’ll always have a special place in my heart for the fans, partners, city officials and employees who care so deeply for this team. I’ve made this decision after much deliberation with my family and friends, and do so knowing the franchise is in great shape with the players, coaches and management team in place. CEO Tad Brown will oversee the sales process with the league office, supported by my management team.”
Alexander’s decision to sell the team came at an interesting time as the Rockets recently acquired All Star point guard Chris Paul from the Clippers and signed James Harden to the most lucrative contract extension in NBA history.
Teaming Paul up with MVP candidate, and infamous strip club attendee, James Harden is a mouth-watering prospect and positions the Rockets to be competitive for years.
These recent acquisitions see the Rockets in a prime position in the league from a basketball standpoint. But they also increase their valuation.
Patrick Rishe of Forbes posits that the Houston Rockets’ offseason could see the price of the team skyrocket (excuse the pun) to $2 billion, the same amount Steve Ballmer paid for the Clippers in 2014. Rishe writes,
“Given the current enthusiasm associated with the James Harden extension and the Chris Paul signing, the short-run earnings potential and continued long-run escalation of franchise values (though likely at a slower pace than what we’ve seen in the last 20 years), and with the Rockets unique ties to China, I have every expectation the Houston Rockets bidding process will be quite competitive, thereby driving the sales price to at least $2 billion.”
Leslie Alexander bought the Rockets for just $85 million in 1993 and now looks set to make $2 billion. Now that’s paper.
As for Beyonce’s prospects of buying the Rockets, no one expects her to put up the $2 billion price-tag herself, but she could bring some star power to a group of investors.
Beyonce’s husband Jay-Z was forced to sell his stake in the Brooklyn Nets when he became a certified agent to represent players.
The idea of Beyonce buying a sports team is definitely pretty exciting to music and sports fans alike.
https://twitter.com/Nicktheegr8/status/892524622868074496
https://twitter.com/youngsinick/status/892462445167599617
https://twitter.com/jacobpramuk/status/892444374646349824
I think Houston would throw a parade just based on that. https://t.co/kPHkxw3vQg
— Nickrob Krassenstein (@Nickrob) August 1, 2017
https://twitter.com/WhoIsJayvond/status/892462814585028609
Even if Beyoncé buys the Houston Rockets it's not gonna help that team put a ring on it. pic.twitter.com/iZssaOxusr
— Travon (@Travon) August 1, 2017
Soooo @Beyonce is interested in buying our hometown @HoustonRockets? 😃🚀🤘🏾 pic.twitter.com/I799yeXoNb
— Gary G. Hamilton (@GaryGHamilton) August 1, 2017
https://twitter.com/license_2b_real/status/892485685680242689
If Beyoncé invests in the Rockets, I will have no choice but to become a Rockets fan for my queen…sorry Celtics.
— Sherm (@OneInAZillion_) August 1, 2017
Oh, Beyoncé wants to get some of that Houston Rockets 🚀 pic.twitter.com/vzWqhUH1Rw
— 🐗pimbs (@iHatePumba) August 1, 2017