Everything has changed now. Landry value is under water.Rockets can generate revenues from TV. He needs Rockets revenues to pay Landry interest expenses. Without Rockets revenues, who pays interest for him? He treats two as one.
Ben DuBose (@BenDuBose) Tweeted: For some context: Harden is a career 44.2% and 36.3% 3-point shooter in the regular season, 41.9% and 33.0% in the playoffs Curry is 47.6% and 43.5% versus 45.0% and 40.1% Durant is 49.3% and 38.1% to 47.5% and 35.2%
Owning the Rockets was his goal, and he achieved it. Good for him. Unfortunately he has very little interest in succeeding on the court. Not his priority.
Someone on CNBC must be a Rockets fan and a Clutchfans poster because they won't stop talking crap about Tilman being BROKE AF!!! https://www.cnbc.com/2020/05/02/wit...takes-in-cash-strapped-teams-could-arise.html Tough times in Houston Tilman Fertitta, controller of the Houston Rockets, is not only suffering from what league commissioner Adam Silver said is a drop to “zero revenue” in the NBA, but also from his other businesses. Fertitta is the owner of Golden Nugget Casino and restaurant empire Landry’s. With the coronavirus pandemic hammering his restaurant and hotel income, Fertitta borrowed $300 million loan to protect his businesses, according to the Houston Chronicle. Fertitta has history of issuing corporate bonds to raise capital, as he did to purchase the Rockets. In March, Fertitta told Bloomberg his businesses were expected to generate roughly $700 million, of which $250 million would be used to service debt. Fertitta added he has sufficient “liquidity to ride this out. I can’t go forever but I can go for a few months.” But though his latest move is described as insurance, it raised red flags for sports investors. One banker hinted Fertitta offering such a high return signals shares of the Rockets could become available should he need more liquidity to protect his businesses. The Rockets did not make Fertitta available for an interview, but he told Bloomberg about an offer to “sell 50% of the Rockets for $1 billion and the answer was no.” Rockets CEO Tad Brown spoke to CNBC on Friday, adding Fertitta is “not looking to sell and he’s never even considered it, and I'm a brown noser"
Sure hasn't appeared to be. Shame. I'm glad that bankruptcy, and a forced sale of the team, doesn't appear to be in the cards at the moment. As much as I don't like Fertitta's willingness to spend to get this team to it's full potential, something like that would only be worse.
We need a FULL LIST of everything this guy OWNS so no Rockets fans ever put money into his pockets. Period.
Keeping his restaurants empty for months…so that not only he dump players' salaries, but also the whole rockets.
