[Rams the Legends live on]

The National Basketball Association's Houston Rockets have been sold to Texas billionaire Tilman Fertitta for a record $2.2 billion, less than seven weeks after its owner put the two-time World Champions on the market.

The sale to Feritta, who controls the privately owned Landry's Inc. restaurant group, was made public on Tuesday. Sept. 5.

The last NBA franchise sold was the Los Angeles Clippers, which were taken over by the league and commissioner David Silver after former owner Donald Sterling was barred from having any association with the NBA following his role in a racist conversation that was secretly recorded by his friend, V. Stiviano, and included grave insults towards Los Angeles Lakers' president of basketball operations and NBA legend Magic Johnson.

Former Microsoft Corp. CEO Steve Ballmer ultimately acquired the Clippers in a forced sale in 2014 that netted more than $2 billion.

The Rockets were purchased in 1993 by Leslie Alexander, a former bond trader and investment banker, for $85 million. The team quickly won back-to-back NBA championships thanks in part to Hakeem Olajuwon, a Hall of Fame center who guided the team for the better part of two decades after being drafted out of the University of Houston in 1984.

Forbes recently pegged the Rockets' worth at $1.65 billion, making it the eighth most valuable franchise in the NBA.

Earlier this year, the team acquired All-Star point guard Chris Paul III as part of a seven-player trade with the Los Angeles Clippers and re-signed its star forward, James Harden, to a contract extension that will pay him a league record $228 million over six years.

https://www.thestreet.com/story/1429386 ... ports.html

[Elvis]

I was gonna post this in the Rams forum, but will move it to other sports instead. Sure shows the Clippers weren't a fluke and has me wondering what the next round of Forbes NFL valuations will look like...

[Rams the Legends live on]

Sounds good my friend and yea will be interesting to see what the next NFL team fetches.

[Hacksaw]

Gawd. Ballmer raised the bar. To bad he San Diego Chargers of LA's owner can't sell his franchise now that he moved.