With "Tillman in financial trouble", maybe he will sell the team. Howard Schultz seemed to be a name that comes up a lot, so maybe he'd be interested. Now the danger here is that despite relatively decent median income, fans of Houston is still football first and many in this forum complains about the ticket prices. So to maximize his asset value, Schultz might move the team to Seattle. Is that a risk people here is willing to take? Do we have another local billionaire owner that'd be adverse to moving the team?
You can't confiscate teams trademarks and etc. The NBA is national brand and they can take and regive franchise license. We'd need a $2.2 B bond to make that happen. Also, if the team ends up losing $200M in an operating year due to luxury tax, are you firing teachers and fireman to cover budget short fall?
I've got no allegiance to that commuter school (jk... I'm going to cheer for them in the NCAA tourney, since UT is just sadness)
Me, teams will just move. Look I support the city owning the team, they should start a bond sale and buy the team, how does the city of Houston run in terms it's financials and budgets? Would the city ever be in financial troubles operating the team?
Nationalize the NBA! It's the NATIONAL Basketball Association, not the PRIVATE Basketball Association! Workers must seize the means of production! The Rockets would be better off being owned by Harden, CP and Danuel House!
[OPINION] There are reasons the Sonics left Seattle, and those problems could resurface again. Las Vegas would be a far more logicial relocation candidate from a business perspective. Quite frankly, I’m surprised Mr. Golden Nugget hasn’t done this... he’s missing out on a, dare I say, golden opportunity? There’s already the T-Mobile arena. The Las Vegas fan base (which includes tourists) is fantastic, great weather all year long, exciting city with tons of fun things to do, quick flights to LA, San Francisco, and Lake Tahoe, no state income tax. Team would have great morale and also possibly turn into a media darling. More stars would want to play for the team too. Lastly, sprinkle in Darul Moree analytics and you can’t possibly lose.
Tilman has a net worth valued at $4.7B Schultz has a net worth valued at $3.5B Alexander has a net worth valued at $2.2B Tilman uses the corporate bonds and bank debt strategy for major acquisitions frequently and has had much success. It is an extremely risky method of finance unless you are well suited for the measure. As a fan of the team, this strategy is best suited for the “long term” as it allows Tilman to retain full ownership of the team in lieu of having investors with competing interests. I prefer to stick with a Houstonian and “self made billionaire”. I also appreciate that he has a better sense of business finances than I do.
No it wasn't. He was barely in Houston and was very active in New York City and his wine business. Tillman is a Homer at least.
