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bleacherreport.com - 6 days ago

Rockets Put Up for Sale by Owner Leslie Alexander

Bill Baptist/Getty Images Houston Rockets owner Leslie Alexander announced in a press release Monday that he would be putting the team up for sale.
"It's been my great joy and honor to own the Rockets for the past 24 years. I've had the incredible opportunity to witness true greatness through the players and coaches who have won championships for the city, been named to All-Star and All-NBA teams, enshrined in the Basketball Hall of Fame, and done so much for our franchise and our fans. And the Houston community has been home to me; I will continue to support the charities I have made commitments to throughout the years. I'll always have a special place in my heart for the fans, partners, city officials and employees who care so deeply for this team. "I've made this decision after much deliberation with my family and friends, and do so knowing the franchise is in great shape with the players, coaches and management team in place. CEO Tad Brown will oversee the sales process with the league office, supported by my management team." The process will not be a rushed one, however, per Mark Berman of Fox 26: Brown emphasized Alexander's decision to sell the team wasn't health-related, per Berman, though Brown added he was surprised by the development: Adrian Wojnarowski of ESPN added that "Alexander's decision to sell the Rockets didn't only surprise the rest of the NBA, it surprised those within the franchise."
Full story on bleacherreport.com
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