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jul
21

NBA: Casino mogul Tilman Fertitta interested to buy Houston Rockets

Tags: basketball, Houston Rockets, Leslie Alexander, Texas, Tilman Fertitta
Posted on Friday, July 21, 2017 by "T".
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

  21-Jul-17, 09:34   #1
NBA: Casino mogul Tilman Fertitta interested to buy Houston Rockets +2 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 48 (M)
Posts: 6398
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

     
  21-Jul-17, 18:33   #2
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 59 (M)
Posts: 789
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

     
  21-Jul-17, 19:07   #3
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 33 (M)
Posts: 9676
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...

     
  22-Jul-17, 11:24   #4
  0 
Nightkid 
Joined: Apr '17
Location: Argentina
Age: 30 (M)
Posts: 53
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 Worship

     
  22-Jul-17, 17:30   #5
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11482
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 Smile

     
  22-Jul-17, 18:44   #6
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 59 (M)
Posts: 789
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

     
  22-Jul-17, 19:21   #7
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 38 (M)
Posts: 638
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 Cool

     
  22-Jul-17, 19:22   #8
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 33 (M)
Posts: 9676
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.

     
  23-Jul-17, 12:08   #9
  +1 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 45 (M)
Posts: 3893
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

     
  23-Jul-17, 16:34   #10
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 43 (M)
Posts: 5988
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!!!

Edited by Tony_MON7ANA (Sunday, July 23, 2017 @ 16:38 GMT)


     
  29-Jul-17, 18:17   #11
 
This post by Nightkid has been removed, probably due to being spam or because it was irrelevant to this topic.
  29-Jul-17, 18:57   #12
  0 
av1966 
Joined: Mar '09
Location: Portugal
Age: 51 (M)
Posts: 1673
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 Worship Worship

     
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