The Houston Rockets has been put up for sale this Monday, and one of the interested buyers is billionaire Tilman Fertitta.
He said he might be buying, if the price is right. This decision of Leslie Alexander to sell the Houston Rockets has been said to have blindsided not only the NFL but everyone at the Rockets as well.
Alexander, an ex-lawyer and financier in New York, purchased the franchise [...] Read more » NBA: Casino mogul Tilman Fertitta interested to buy Houston Rockets
Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
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Wow, i can only wonder what it would be like to be able to afford to buy your own basketball team!! I am struggling to buy a basketball never mind an whole franchise!! Crazy money
Joined: Jan '17
Location: Lithuania
Age: 66 (M)
Posts: 1756
Wow so many money in this sport now a team cost $1.65 billlion this is so big that I cannot understand how it can be, it is $1650 milllions gor ine basketball team, wow this is super big money. Entertainment is very big business now and it looks like it eill be in the future
Joined: May '08
Location: Lithuania
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well yeah i have to admit that i agree with the post above from gerimantas dude, 1650 millions do sound kinda serious money. i am happy to get my hands of $50 i get when i make a withdrawal of 5000 mobpoints and here we have dudes shelling out a spare 1000 millions...
Joined: Apr '17
Location: Argentina
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Posts: 584
Well, I think that in all of the world the ones that draw the most money are athletes (especially the team or members of soccer or basketball), if only a normal person could win nose to say, not half but if a part of it That they win they would have to live quietly for a long time haha
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Owning a team for 24 years is a very long time. The revenue looks good there.
Getting a team like that, one with over a billion in money, is a big investment. A bit risky, but at the end all of them are. You never know when things, wont go your way
Joined: Jan '17
Location: Lithuania
Age: 66 (M)
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Yes it is like Mober say this is a very big investment and who knows if it is successful, I personally think a lot better thing to buy with so much money is some real estate projects or some land. I do not understand this sports business very well but to me it looks risky investment
Joined: Jan '14
Location: Romania
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In this days money is easy to win for millionaires. Few millionaires up to billionaires and buy sportteams. I would do the same if I were like them. Good job for this billionaires
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
yeah i tend to agree with some of the thoughts posted above, shelling out more than $1.5 billions for a sports team does look like an investment only for the pros of this type of investments, to me just buying some rental properties and hiring a property manager does look the safer option.
Buying a command is not bad at all .... if someone buys a command, then he is interested in good results ..... accordingly he will invest money in the team and buy good players ... for fans of Houston this is good news ... then their The command will be among the best
Joined: Mar '14
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24 years ago, the Houston Rockets was purchased for US$85 million by Leslie Alexander, a former attorney and financier in NYC. Since then the net value of the team has grown to a whopping US$1.65 billion. Yeah! US$1.65 billion!!!
Joined: Mar '09
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Hello my friends and fellow mobsters
Wow that some serious money and it.s a real profit for the previous owner that had the team for 24 years Nba games better teamshave a very good control between the finantial ways the spendeing and the revenue so it will take a while but it coukd be a good deal and there the ego part ,one is being millionaire other thing is being a NBA owner
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