Tilman definitely believes he will own the Rockets. As for Les, my belief is that he was offered more (likely 275 million dollars more) by Tilman than anyone else and will give him a chance to finalize the purchase.
This and I know that regardless of what Tilman has said in the past, he has strongly considered an exit strategy from the casino/restaurant business. The key issue in the past being that any "sell off" could cause the value of his holdings to cascade downward. The ability to leverage his holdings into the purchase of an industry he has wanted to be involved with for 25 years potentially gives him the best of both worlds. It is a dicey move, but he has the reputation of being willing to take a risk.
Shut up you fat eggball SOB. Always stuffing your greasy, unathletic trash hole with greasy nachos and tacos. Go hit the gym fat boy.
Yeah, it could be as simple as Tilman outbidded everyone else. But Tilman has been on the Rockets advisory board for awhile. This could also be Les favoring a sell to a local. Herb Kohl sold the Bucks to a group who promised not to move the team. It was a publicized big deal to him to find the right buyer who he trusted. And word is he sold at a slight discount, despite it being the biggest NBA sale to date, at the time. At equal price, or close, I could see Les favoring a sell to a local who he knows. Another idea I had is if Les is splitting the sell into two discrete transactions, like Prokhorov got the OK to do with the Nets. He can split the team into two companies: one that runs the Rockets, and another as the company who owns the Operating Rights to Toyota Center. If he is doing that, then I could see Les favoring financing the sell of the TC Operating Rights to Tilman as a can't-miss investment, thus making even more money longterm. And maybe other buyers didn't want to finance it.
http://www.espn.com/nba/story/_/id/...arly-half-nba-lost-money-last-season-now-what And as we've seen, NBA franchise valuations continue to soar. Leslie Alexander bought the Rockets for $85 million in 1993 and sold them this month for $2.2 billion. After accounting for inflation, Alexander got more than 15 times what he paid. Driving this value is the fact that the big-market Rockets are a moneymaker; they had $53 million in net income last season, according to league figures.
One thing I'd like Tilman fix, is the rockets going from 8th biggest media market to top 5. Dallas and Philly can not be bigger media markets than us
Great info on all the financials details in regards to Tilman's purchase of the Rockets. Just for clarification, does Tilman have to pay back the 6.75% bond rate annually? If so, that seems like an extremely unfavorable rate for Tilman, which would necessitate the Rockets or Tilman's other business being profitable annually to cover the payments. While the Rockets have always been a profitable team, makings 50+ million last year, they have also rarely been a luxury tax paying team. While the Rockets are currently projected to be only slightly over the tax for 2017-2018, they could be a team looking at 40+ million tax bill in 2018-2019 and increasing significantly onwards if they resign Chris Paul and Clint Capella. Not to mention resigning or replacing Ariza (who will also be a FA in 2018-2019), signing 1st round draft picks and others. Will Tilman's finance allow the Rockets to go from a profitable team /non tax paying team to a BIG luxury tax paying team which is no longer profitable. If Tilman's first objective is to make money and protect his investment, I fear he might not be willing to pay the heavy tax burden of keeping the team intact. But rather just keep the Rockets a profitable 45+-50+ wins team by virtue of having Harden and little else.
Hire more reporters... more smaller media channels..add more espn reporters. We went from like 1 in Calvin watkins to none. Teams like Knicks, Nets, Lakers all have their own reporter from ESPN, fox, their own media network, and smaller more local reporters for example 3rd party websites, YouTube channels
A bond interest rate is an annual rate. For a $1000 bond with a 7% interest rate, you receive $70 each year....just like Treasury Bills and CDs, etc. Tilman doesn't have to pay any of this, because he's not taking out a personal loan. Golden Nugget/Landry's Inc are issuing the bonds/taking the loan. With the sell, the company is paying a dividend to ownership. Tilman is the owner. He doesn't have to pay any of that back. The loan is to the company.
He can't do that and there isn't an owner that could. That number is figured out by the Nielsen Co. The reason Dallas is ahead is because they count Fort Worth and all the surrounding areas between the two. Get more people to move here is the only way.
