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Rockets sold

publius2481
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Rockets sold

Houston buisnessman Tilman Fertitta has reached an agreement to buy the Rockets for $2.2 billion (a new record). I think most of us thought a price this high was at least possible (my guess had been $2 billion), but still amazing. Good time to be an owner who has owned a franchise for a while.


BleedGreen808
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Crazy to think Les Alexander

Crazy to think Les Alexander bought the team 20+ years ago for 85mil and now he sold the team for a record 2.2bil.

Hitster
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Prices go up. Manchester Utd

Prices go up. Manchester Utd FC in the UK was priced at under $20 million in 1989 and is now worth $3.7 billion approx..

BleedGreen808
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The success of the NBA is a

The success of the NBA is a large part of it though. Without TV deals and sponsorships the value of these teams wouldn't increase this much.

BeastMode716
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What's Truly crazy is that in 1993 Alexander beat out Fertita's

$81 Million bid w/ that $85 Million bid for the Rockets Franchise

And 24 years later he pays $2.2 Billion for the Rockets in 2017

Memphis Madness
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^^^^ What's that ancient

^^^^

What's that ancient saying?

"Thou shalt not chase?"

I am assuming that Houston probably isn't the most valuable NBA franchise out there, but in the 4th most populous town in the country in a big TV market (along with being a city with 2 NBA titles) it is in the NBA upper middle class at least.

I would think that the Lakers would be worth at least $5 billion, maybe closer to $10 billion. Knicks would obviously be worth a lot. The Bulls would be worth a bit more than the Rockets (depending on TV deals)... but Chicago is losing population, so the Bulls would be valued around $2.5 billion to $3 billion.

The Golden State Warriors are probably worth $4 billion to $5 billion, but if there is a bidding war, I can see someone paying close to $10 billion for them.

Celtics worth anywhere from $2 billion to $5 billion.

Most other teams worth less than $2 billion probably closer to $1 billion (if that).

The Grizzlies probably aren't worth a billion. Neither would a LeBron-less Cavs team. Jazz, Bucks, Kings probably not although the Bucks sold last year or something like that.


publius2481
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franchise value

Forbes values the Rockets as the eighth most valuable franchise ($1.65 billion). The Knicks are the most valuable ($3.3 billion), the Lakers second ($3 billion), Golden State is third ($2.65 billion), the Bulls are fourth ($2.5 billion), and the Celtics are fifth ($2.2 billion). 19 teams are worth $ 1 billion or more. The least valuable is New Orleans ($750 million). Surprisingly, the Kings are the 15th most valuable franchise.

whiteflash
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Fertita's a cousin of the

Fertita's a cousin of the Fertita's that used to own the UFC. I briefly dated his personal assistant. If even half of what she told me was true, this could get weird.

McDunkin
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McDunkin Management was

McDunkin Management was thinking of making an offer but we didn't think the 2+ billion dollar debt was worth the risk.

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