[Feigen] "[Rockets sale] is going to set the record" >$2b per Experts "Individual buyer"

Feigen being a good employee of Le$. Some parts in the article read like a sales brochure.

 

I know Tencent can buy Rockets, but given their business practices I am strongly against that. Imagining that is like imagining sticking your dick into a meat grinder.

 

What do you mean by continue spending on the team?

Say the sale price of the team is $2.5B and all I can raise is $2.5B, so basically I'm in for all I have. Why are you of the opinion that I need more money to continue spending on the team? The team's expenses are covered by the revenue the team generates and the Rockets are very profitable. You don't think Les is paying James and the rest out of his pocket do you?

 

I don't really want or expect Tencent to get involved either. But they are hands off on high profile international aquisistions. They don't interfere with supercell and Riot's operation outside of China.

 

It's not, just saying that companies DO own NBA teams and gave an example.

I'd rather not take the risk with a corrupt company like them.

 

Did I say that?

 

Most major ones can be said to be owned by companies, though I think Balmer outright owns the Clippers.

 

What? I've never heard anyone claim that before. As heyp mentions, essentially every individual owner has a business form protecting it from liability. That's not the same as what you are implying by "company."

https://www.google.com/amp/s/www.forbes.com/pictures/edik45flemf/the-nbas-billionaire-owners/amp/

 

Well said. I've busted Jon's chops several times over the years for his coverage of the Rockets, so it's only fair to praise him on a job well done. Good column, Jonathan!

As for who might end up being the owner, who knows? Like many of you, I'm hoping for a local owner with deep pockets, someone not named Drayton McLain (I think he's busy, anyway). Someone who will put in writing a binding pledge (if possible) never to move the team from the great city of Houston. I hope we don't get an owner from China, although it would surprise me if Les didn't get at least one bid originating from that country, or from Hong Kong. No foreign ownership, please! This is a big deal. It is arguably the biggest thing to affect the Rockets since the championship days. This will have a HUGE impact.

Fingers crossed. Right now, I'm thinking Les is more. Gonna miss you, Mr. Alexander.

 

I'll bid $1 Bob.

 

To me that's still a company. You have employees outside the team itself and sometimes investors and partners.

 

If Tillman Fertita is gonna buy the Rockets, the NBA needs to require him to buy a far more upscale Vegas hotel first. The Rockets are being made fun of for staying at the Golden Nugget even right now (because Landry Signature Group is a sponsor). Steve Kerr just did so during a recent interview with Ethan Strauss on Strauss' new podcast.

 

Do you have any examples of NBA teams? The Knicks and...?

 

The reason I brought up a Spurs is because they are run like an actual company and own multiple teams outside of just the NBA team. Recently, they even brought in a soccer team. It is the equivalent of what Tencent does IMO, though on a much smaller scale.

 

Agreed on foreign ownership. Les has already tried to give the Rockets a Chinese feel with the logo, uniforms. I'm not interested in some billionaire eschewing our colors and history in favor of Russia or Dubai or China or anyone else. I suspect though that Les already had a short list of buyers before this became public. The existing Chinese connections and his reported business in China make it a natural fit for sale to a Chinese buyer of some sort. We can see how the Nets have been destroyed by their Russian owner, I hope that's not on our horizon though I suppose any new owner, foreign or domestic, could destroy the franchise the same way.

 

I have a bad feeling about who ends up owning the Rockets.