Contact Us

Beyonce Loses Houston Rockets Team Bid to Billionaire Restaurateur

Subscribe to HOT 99.1 on

Beyoncé had a fantastic birthday weekend, but it looks like one of her wishes didn’t come true. In August, it was reported that she was interested in buying the Houston Rockets team. Sadly, it’s not going to happen.

ESPN is reporting that the Houston Rockets have been to sold to local billionaire restaurateur Tilman Fertitta for $2.2 billion, which is a record sales price for an NBA franchise. Terms of the sale were not disclosed.

“I am truly honored to have been chosen as the next owner of the Houston Rockets,” said Fertitta in a statement released by the team. “This is a life-long dream come true.”

According to reports, the current owner, Leslie Alexander, bought the team for $83 million back in 1993. So in the end, Alexander made a good investment. “I am excited to welcome and pass the torch to Tilman,” said Alexander in a statement regarding the sale. “He is a Houstonian, business leader and committed to the success and excellence of the Rockets both on and off the basketball court.”

Fertitta, who reportedly is worth $3 billion, owns Landry’s, Inc., one of the nation’s biggest restaurant corporations, and Golden Nugget Casinos and Hotels. He also stars in the CNBC reality show Billion Dollar Buyer where he buys upstart companies.

Reps for Beyoncé had no comment on the matter.

Next: The 50 Greatest Female R&B Artists of the ’90s

Best of Hot 99.1

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Hot MVPs quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Hot MVPs contests, events, coupons, presales, and much more delivered to you for FREE.