Tillman’s cheapness realized/explained, Rockets worth less than what Tillman paid for!

Sports team always make money. Dodgers old owner bankrupted them and they sold for 2 billion.

 

Yea, also with cost revenue the NBA probably has some of the most artful accountants in the world, as big money often do. You'd be surprised how creative you can get with big money accountants.

Also, forgot on this point. Forbes or whoever did these valuations seem to be a crock of ****. Tillman bought the team for 2.2 highly publicized, he was the most over leveraged of the new age billionaire owners by far, borrowed the max money from the nba, from the owner, from debts/bonds etc. You would think he wouldnt insert himself and plaster his face all over the arena and then brand the rockets like a damn landrys, but then we may have overestimated this guy and clearly did.

Hes bragged about having offers for 1 billion for 50 percent but won't take a minority owner out of pride.

He could probably sell for 2 or close pretty easily although I wouldn't be surprised if the moves and the culture and depleting not just our player and star power, but our staff, reputable front office to what he has maybe lowered the value a little bit, but the nba is a 30 team league and there is a line of people who want to get in and Houston is the 4th biggest metro market in the US.

 

There’s going to be this ‘sell the team thread like every year now’
Apparently people here still don’t understand Tilman or Les or any owner.
How many owners have volunteered to sell their team in the last 10 years?

 

Clippers(forced sell)
Sixers
Rockets
Utah
Minnesota
Brooklyn
Atlanta
Milwaulkee
Wizards(2010 so 11 years ago)
Sacramento
Warriors(2010)
Pistons
Hornets(2010)
Memphis
Raptors

So about more than 1/3 of the entire league.

 

There's gonna be a lot of pathetic Jessie's crying until they die since Tilman is going to hand the team down to his kids when he retires.

 

I'm predicting he's not going to sell in the next 10 years.

restaurants and casinos are coming back strong
if we get the #1 pick, then that's like 5-10 years of increased interest

 

As a fan, I'm going to concentrate on the team.

At least the uniforms aren't ugly.

 

Sad times for damn sure here at camp Rockets

 

I guess you can call it crying. Its a wierd dear leader type of thing to say don't be objective about our fans. I give money to the rockets, I spend time and energy, this isn't north Korea or Saudi where if you don't shut up and listen to you're ownership you're crying...theres something towards being vocal, objective towards fandom and its hard to relate to this guy has done some idiotic things, don't call him out, he aint going no where. Same Goes for Harden, MDA, LEs anyone else. They all have their righteous criticisms, we are on a message board, we talk about it. Its a bit comical to think someone talking about Silas's adjustments, Quit Crying! This isn't some sort of dogmatic worship, I guess you can see it like that. Be Loyal and shut up or else you're a cryer. but I've never understood it, I didn't really grow up with the authoritarian mindset here in TExas to shut up and listen to your dear leader. Especially and particularly in sports where the last 3 years theres been one winner, tilman's pockets with 90 percetn cost cutting moves while the rest of the league spends and the fans had prices raised on them. Question it? you god damn baby, give me your money and shut up and listen...I wonder if you're an actual texan or maybe from one of the coastal states where you're supposed to just cheer on your leader

 

I agree, I think hell over highwater tilman will sell. Hes been in desperate mode with the interest he takes out and eating crow asking the president personally to reclassify loans on public television because he couldn't 'handle the criticism'. But he still wouldn't sell his yachts and jets and stuff. He's going to hang on as much as he can, I suspect he will keep the Team and if that means our finances are all mediocre and he prioritizes profits over championship contending, he'll do it as he has the last 3 years.

And if we get the no 1 pick, or maybe even top 4 which can all be very special, we got a young new talent on an amazing contract that will draw more fans and interest and we'll have something to look forward to and really good rookies are cash cows in the nba.

 

Yea, I think as fans I'm not saying I don't like Tilman, but as a man and as a paying fan. If I'm being lied to, bullshitted every single corner, being sold things like a used car salesman, I'm going to call it out. I'll never leave the rockets, never want them not to be special and go back to clutch city fans. Thats before and after LEs, before and After harden, before and after Tilly. Rockets don't equate to me as any of them, they are just a piece of it that can help or hinder our success.

And thats what we're concentrating on. Personally I hope tillman goes out and kills it and can learn somethings on how nba economics works. But he has been the directive of 90 percent of our moves being embarassingly laughable to save money when we were considred fringe contenders. to concentrate on the 'team' and not look at our personell changes, staff changes, player changes and then say at least our jerseys don't suck...doesn't make sense.

Do you watch the Rockets for Fashion? I want the jeresey to be good though, I'd rather field and build a winning team ,hire the best staff and development, and give us something great and special for all of us paying fans who really don't get anything material back but our emotional enjoyment of the team to cheer for in TC and in every bar in houston.

So I guess it depends on what you mean as "concentrate on the team"

 

Ah, so you are giving us a silver lining for if the Rocket's do lose their pick ...

 

I think we all know if we don't get the top 4 after spending an entire season watching our team to sink to the absolute league low, it would be devastating.
But I do think we have a lot of silver linings as well. FO has done incredible with some of these young fellas, we still have two guys Wood and KPJ with all star potential, Tate and KMJ on 4 year contracts that look like keepers as solid role playerse or more. They are all young, so we're not in the worst shape to build on that.

The tank commander and EG look like we'll be here next year, and next year we have no protections on our picks with another Solid Draft class possibly with Emoni Baters and Holgrem who is supposedly a 7 foot unicorn. We may tank one more year, but we could get handsomly rewarded afterwards without the stress of our protections this year. Then that summer EG/Wall become expiring contracts, gaining some value finally and we then have a young team of solid prospects, finally possibility of some money to spend and a good foundation to rebuild on. If we do get our pick, we add a huge asset since the top 4 in this draft is intriguing and accelerate that hope.

So the last 3 years have been bad from our ownership constraints, they deserve their fair share of critique, and luckily we still have a new foundation to build upon as well. I think the frustrations will boil over and well find a day to continue that Houston hope. I'm not like some of the posters where they seem very sensitive to any criticism of the owner, I'm not sure I understand it. We critique players, coaches daily as we should. But I can make my objective observations, be disappointed with them, and also still retain hope that we'll be aite.

 

I liked how Tilman referred to himself as having $2B of equity in the Rockets.

Not really. His equity net of debt and liabilities is probably something like 0.4B.

Then later he says liquidity is how he survives financial crises.

INTREDASTING. This is what it looks like when you max out all of your credit cards to go to a party with rich friends. You think they can't see though your BS, but you're in over your head.

 

I don’t think there is anything wrong at all wanting Tilman to sell. I’ve been a fan since 81, tell me I can’t want better for the franchise.

Look, I like the potential of some of the Rockets young guys. I’m good with rebuilding. I’m not good with running the front office out of town. I’m not good with handing it over to the family. I just don’t think TF has the money or the know how to run a successful sports franchise.

If TF does not sell in the near future then of course I will hope he succeeds. I will not stop being a fan because I think the owner is a jack hole. Just prove us wrong.

 

No one with his own reality show (let alone one called Billion Dollar Buyer) could be considered low-profile, but there’s uncertainty among fans of the Rockets and the league as to what kind of owner Fertitta will be. His passion for sole ownership of his businesses is a direct contrast to the ownership groups that typically buys pro sports teams now. Fertitta’s authority and wealth are akin to a Steve Ballmer or Mark Cuban, but he is determined to stand apart from those two both in personality and practice. He bought high because Houston is one of the best teams in the NBA, loaded with elite talent in James Harden, Chris Paul, and the newly acquired Carmelo Anthony. The Rockets are not a teardown project or a brand in need of renovating;

In September, the Washington Post ran an article speculating the Rockets might be entering budget mode because of their offseason moves this summer, trading Ryan Anderson and De’Anthony Melton to the Phoenix Suns for Brandon Knight and Marquese Chriss, as well as letting Trevor Ariza and Luc Mbah a Moute walk in free agency. When asked about it, the DirecTV remote earns a reprieve from Fertitta’s frustration. He puts his phone down on the table in front of him.

“Why would anyone think that?” he asks. “Why?”

This notion of “budget mode” offends Fertitta as a restaurateur, as a hotelier,"

Honestly, you could make a greatest hits of the times this guy volunteered to goto the media, thinking he sounds smart or building his brand and had to put his foot in his mouth. Definitely not status quo, Mark cuban is probably the most vocal owner, yet more often than not comes out looking decently smart. Tilman is like the reality show version, more showmanship, more absurd brand building image hyperbole, just comes off as incredible lack of self awareness.

Heres some more quotes from an article, like many others, that he volunteered to do:

An oft-told story about Fertitta is, early in his career, he would show up at one of his restaurants on a busy night, tip over trash cans behind the building and have employees search for silverware accidentally thrown away, then leave them a heavy tip after they cleaned up.

“I don’t get involved in the minutiae minutiae, but I know I’m the owner and there’s only one owner. Not three. One. Nothing happens without me. I don’t have to go show up at a meeting. The buck stops with me.”

to....

"“Last year (getting under the luxury tax) was a fluke. We were going to be in the (tax). It was an accident. I’m still trying to figure out how we got under. I was positive we were going to be in it by $11 million. But if I’m in the luxury tax, I expect us to win.”"


"He’ll drive this particular Bentley up to a particular mileage point where it can still be sold at his dealership as new, then swap it out. Maybe the dealer will mention it as Tilman-certified, which seems appealing to someone in the market for a quarter-million-dollar SUV."


"
“The most anyone’s ever been chairman of the board of regents of the University of Houston is six years, because that’s all the bylaws allowed. You know what we did at the last board meeting?” Fertitta asks the crowd.

“CHANGED THE ****ING BYLAWS,” Herman screams from the back.

Fertitta starts laughing.

“I’m chairman again. Because everyone wants the best leader, they want someone who can make something happen."

He may very well be worse than Dolan. Same ego, same meddling, same deflecting and blame. He is more outspoken and worse off and more consequential than anything else, cheaper in an nba where the most an owner can offer is financials. We literally have Dollar Value Dolan.

"
Which is why he won’t rule out the NFL, even if he did just spend two billion dollars on an NBA franchise.

“There’s all sorts of things you can do. I’m a financial engineer. Every year that goes by it gets easier for me. If a team like the Saints or Titans came up, I would try to do something.

“I love the Rockets. I love the NBA. But the NFL is the NFL.”"

 

We’re not going to lose the pick
Think positive
We got Yao the last time this happened

yeah people forgot we sucked back then

 

I never rooted for Les
I always rooted for Dream

 

We were 28-54, not as bad as we are now. We only had 8.9 percent chance to win that lottery. We won it.

This year we have 52 to keep the top 4, 14 for the no 1. Better chances than that year. Its always a crap shoot, but you're right. We can do it and I'm envisioning and hopeful as hell we do.

 

"We were going to be in the (tax). It was an accident. I’m still trying to figure out how we got under. I was positive we were going to be in it by $11 million."

I laughed at this when it first came out. It doesn't even make sense.

“I’m chairman again. Because everyone wants the best leader, they want someone who can make something happen."

This really reminds me of someone else... this is what idiots think leadership is. It's not actually leadership. Just self aggrandizement. This is like something a bad movie villain says.