I don't think Fertitta has enough liquidity to make that kind of purchase. He would have to sell most of his Landry's fortune...
He still has enough money to be the main investor in a group. Someone like Mack would be a minority owner.
what about donald sterling? he recently got a large cash injection and with the recent stock market probably could buy it straight cash.
I wonder if the owner of C&D scrap metal can get involved with Mutombo! They can pay les in 2 dollars bills!
I want an owner who's not going to plaster his face on murals of championship teams. Considering the key players of the championships were acquired from the previous owner.
I want a Chinese owner. We need to be able to pull off shennanigans like signing veterans to the minimum and 2 years later he gets a $20mil contract from Yao's Shanghai team.
Whomever buys the Rockets, I just hope the new owner also gets us an NHL franchise. Toyota Center built to suit a regulation sized rink.
To expand on that, he did directly state he would have to get together a group, so I think he knows he can't swing it by himself. but Mac has long been a huge fan, so I'm sure he will do everything he can to find a way. Is that good? Beats me.
Don't forget about Matthew McConaughey's favorite team is the Rockets. He deserves a piece of the action
+1 I don't think Fertitta has the cash by himself (despite reports of his net worth). I KNOW Mattress Mac doesn't have the cash. I can see Fertitta putting together a group that has a real shot. I can see some good ole boy Houston Oil money getting together. I'm starting to think some Chinese investors coming forward might be the leader at this point. The NBA is all about global expansion right now. I think that's what they want.
Fertitta! Parsons from Big Bang! McConaughey! Manny from modern family! Dell guy! Beyoncé! Yao! Ends up being a California group of money men
News showed an segment with Tillman Fratida or whoever his name is spelled. I hope he decides to buy it because he would be an amazing owner.
I don't think he does. Quick google search says Tillman has 3.XB net worth; that is valued assets like real estate, commercial property, and his restaurants/IP. His businesses are also privately owned; you can't just liquidate this that quickly to cash for so many reasons including regulatory. This is very different from cash and stock holdings like Ballmer who I would guess most of fortune came from vested options, and shares from MSFT. I think the Rockets will sell upwards of 4B. If it sells for that price, the new owner will at least need another 750M for operating costs and day-to-day activities. Even a bulge-bracket bank would NOT just plop that kind of cash down that quickly on something as consistent as an NBA franchise. Just on some cursory business knowledge I would say that 80% of that cash (e.g. (4B+ 750M) * 80% = 3.8B) would need to be readily available (as in immediate cash access) to purchase the Rockets to meet the guidelines for sale and probably what the NBA requires for minimum operations. I would say the future owner has to have at least 2-3B just "laying around" in some kind of liquid portfolio in addition to some bank capital. Only people listed in this group so-far would be Michael Dell, and Jack Ma that kind of have that kind of money.
