The Houston Rockets are for sale, Ted Brown announces

The Houston Rockets are for sale, Ted Brown announces

Under Alexander, the Rockets have also acquired Charles Barkley, Scottie Pippen, Steve Francis, Tracy McGrady, James Harden and just last week traded for All-Star point guard Chris Paul.

"It's been a great joy in his life and pleasure to be the owner of the Houston Rockets".

Rockets executive Tad Brown said Monday afternoon that owner Leslie Alexander is selling the team he's owned since 1993-a sudden, unexpected announcement that stunned people across the league and started a process that seems likely to end in the. "But, at the end of the day, nothing truly surprises me because Leslie is a man of many passions and he's got things he wants to do and opportunities that he wants to pursue".

The trademark of Alexander's ownership has been a constant pursuit of stars. Forbes now values the Rockets at $1.65 billion, but I wouldn't be surprised to see the Rockets sell for close to $2 billion with all of the excitement surrounding the team.

The Rockets' next owner will inherit a budding superteam anchored by Harden, who is under team control through the 2022-23 season.

Alexander took over as owner on July 30, 1993, and the Rockets went on to win back-to-back titles in 1994-95. He was also quick to clarify there are no health issues with Alexander.

Fans react to Joe Hart move
Mark Noble believes that Joe Hart "probably deserves a little more respect", with the goalkeeper set to join West Ham this week. Joe Hart is now set for a loan move to West Ham , which could potentially become a permanent deal in the future.

Brown cited those moves, along with the long-term contracts for general manager Daryl Morey, coach Mike D'Antoni and other members of the front office as moves that have strengthened the franchise and increased its value. "And the Houston community has been home to me". The league played two preseason games in China past year, both featuring the Rockets.

National Basketball Association commissioner Adam Silver released a statement on Monday regarding Alexander's desire to sell the franchise.

"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", added Alexander.

This news comes right as Carmelo Anthony to Houston trade rumors have heated up.

Brown will be working with the league office while they look for a new owner.

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