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BankrollMob Forum » News » Houston Rockets sold to casino mogul Tilman Fertitta for record $2.2 billion

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Houston Rockets sold to casino mogul Tilman Fertitta for record $2.2 billion

Tags: basketball, Houston Rockets, NBA, Tilman Fertitta
Posted on Wednesday, September 06, 2017 by "T".
The Houston Rockets was sold for a massive US$2.2 billion, the highest price ever paid for a team in the NBA. The team and the buyer, Tilman Fertitta, has announced the sale yesterday (September 5 Tuesday), however did not yet reveal the exact price at that time. The previous record for an NBA team was back in 2014, when Steve Ballmer bought the Los Angeles Clippers for US$2 billion. Tilman Fert[...]   Read more » Houston Rockets sold to casino mogul Tilman Fertitta for record $2.2 billion

  6-Sep-17, 08:53   #1
Houston Rockets sold to casino mogul Tilman Fertitta for record $2.2 billion 0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 48 (M)
Posts: 6335
The amounts of money being talked about are incredible. There is a lot of money in basketball and he must think it is a good investment. One thing for sure, if i had this amount of money, do i really need the hassle of owning a sports team, i think not

     
  6-Sep-17, 09:46   #2
  0 
DaCapo71 
Joined: Aug '10
Location: Germany
Age: 46 (M)
Posts: 2039
The rich guys want a new thing to play and buy a sport team. And a Casino owner was the right owner dor a sports team to gamble. I unserstand the motivation for that, but it was not good for the sport in my opinion.

     
  6-Sep-17, 11:24   #3
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 38 (M)
Posts: 492
Posted by DaCapo71:
The rich guys want a new thing to play and buy a sport team. And a Casino owner was the right owner dor a sports team to gamble. I unserstand the motivation for that, but it was not good for the sport in my opinion.


You have no way to know it. Someone who pays 2 billion dollars and another two hundred million will focus much on the new business. As the article says in 1993 he lost a bidding with Leslie Alexander but now he buys the team. In this new acquisition has put a lot of money and does not want to lose. A dream come true.

     
  6-Sep-17, 11:33   #4
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 32 (M)
Posts: 4599
you cant earn something from this,this is only to show how much money you have and to have something to "play with"!that is status in america!but ofcourse its a lot of money to pay for some basketball club!

     
  6-Sep-17, 17:58   #5
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 45 (M)
Posts: 3857
lately, I'm a little shocked by the huge numbers in deals with sports players and teams .... Neimar, Mayweather now this news ...... I certainly understand that over time, prices should rise ... inflation and so on ... .. but such figures are beyond my understanding ... hmm. Confused

     
  6-Sep-17, 18:39   #6
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 9615
wow, just wow... to shell out two billions of dollars for a basketball team is quite outrageous, not sure whether this ca be called a good business decision, somehow I don't think that in 20-30 years or so someone will come and offer 20 billions... quite the opposite, maybe price will go back to original 100 millions or so...

     
  6-Sep-17, 20:15   #7
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11360
That is what you call an investment.
From 85 millions in 1993, to a massive 2.2 billions today.
And he must have made a profit, from having the team all these years.
With no doubt it is a great retirement package Smile

     
  7-Sep-17, 08:41   #8
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 43 (M)
Posts: 5839
US$2.2 billion deal! That's an astronomical amount of money! Tilman allegedly paid 33% premium to buy Houston Rockets.
The Houston area got affected by Hurricane Harvey. Many people have lost their homes to this natural disaster. An undetermined number of people are still missing. It will take years to rebuild the city of Houston.

     
  7-Sep-17, 10:26   #9
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 59 (M)
Posts: 733
This is such big amount of money that i just cannot think how do people earn so much so they can just go and buy a team for 2 billions of dollars. And why? There is more better investments like real estate, land, forests, natural resources... and now go and buy a team.

     
  7-Sep-17, 12:59   #10
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 32 (M)
Posts: 4599
this will be fun for he and his famliy and like I said,this is only status in america,to have any professional team in any sport!but after this,you must invest lot of money in players,so this is not just a game!

     
  8-Sep-17, 08:00   #11
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 9615
still cannot believe how much money is fluctuating in such a relatively simple game like basketball, or football for that matter... players being bought for 200 millions, teams for 2 billions... fcuk yeah- strange world we're living in.

     
  8-Sep-17, 10:15   #12
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 52 (M)
Posts: 6406
The printing presses have spit out enormous amounts of money during the last 10 years, that dont make their way into the real economy, but pop up at ever stranger locations. That is one of those.

     
  8-Sep-17, 13:24   #13
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 32 (M)
Posts: 4599
yeah pochui,you are right!when you see that average player cost 60,70 millions,what can we expect in future!I think that price just will be bigger and bigger!when you see what is price for basketball teams,in football can only be bigger!ofcourse for european clubs!

     
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