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[usa today] Les only worth $80 million - tied for "poorest" owners

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by Faos, Mar 30, 2005.

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  1. Faos

    Faos Member

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    Poor guy. He's tied for last with Spurs owner Peter Holt. This has a good breakdown of what the players are making. Mutombo is doing pretty good for himself.

    http://www.usatoday.com/sports/basketball/nba/2005-salary-owners.htm

    Houston Rockets
    Owner: Leslie Alexander
    Age: 60
    Hometown: Boca Raton, Fla.
    Net worth: $80 million

    Other pro team interests: Owns WNBA's Houston Comets, formerly owned Arena Football League's Houston ThunderBears/Texas Terror; has shown an interest in becoming a minority owner of an NFL team.

    How he earned his money: Former Wall Street securities trader

    Education: Bachelor's at New York University, law degree at Western State
     
    #1 Faos, Mar 30, 2005
  2. MadMax

    MadMax Member

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    [​IMG]
     
    #2 MadMax, Mar 30, 2005
  3. DeAleck

    DeAleck Member

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    $80 millions? That's less than Latrell Sprewell! :eek: :eek: :eek: :eek: :eek: :eek: :eek:
     
    #3 DeAleck, Mar 30, 2005
  4. DeAleck

    DeAleck Member

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    Donald Sterling's richer than Jerry Buss...
     
    #4 DeAleck, Mar 30, 2005
  5. barryxzz

    barryxzz Member

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    How much money is the organization makeing annually? Anyone has a figure or a link?
     
    #5 barryxzz, Mar 30, 2005
  6. YallMean

    YallMean Member

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    Is this net worth or what? Our team gotta worth more than 80 mil. I am interested to know which teams are making money. I think Houston has 3rd largest market in NBA, and made profit last year.
     
    #6 YallMean, Mar 30, 2005
  7. ROXTXIA

    ROXTXIA Member

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    $80,000,000? You're right, DeAleck. How's Les gonna feed his family on chump change like that?
     
    #7 ROXTXIA, Mar 30, 2005
  8. DeAleck

    DeAleck Member

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    No he can't. Les can't feed his family and players. People complain about Yao's upper body strength... now you know why!
     
    #8 DeAleck, Mar 30, 2005
  9. akash22

    akash22 Member

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    i was wondering the same thing as YAllMean - how can he be worth $80 mil when he owns a team worth way more than that? does he have lot of minority owners or something?... same thing goes for alot of the other owners too
     
    #9 akash22, Mar 30, 2005
  10. JPM0016

    JPM0016 Member

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    #10 JPM0016, Mar 30, 2005
  11. DeAleck

    DeAleck Member

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    Gordon Gund just sold the Cavs for over $300 millions. Even the Jazz right now's worth $200 millions in Utah, and over $300 millions on the national market.

    I suppose the Rockets' worth more than $300 millions as well.
     
    #11 DeAleck, Mar 30, 2005
  12. MFW2310

    MFW2310 Member

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    I didn't know Paul Allen owned the Jailblazers.
     
    #12 MFW2310, Mar 30, 2005
  13. YallMean

    YallMean Member

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    This is why I am little bit suspicious about the chart. Charts in Forbes or Fortune will tell you how they calculated. If Les sells Rockets next season, he will own hell lot more than 80 mil. I know some wealth charts would exclude real estate one owns. If that's true, it has nothing to do with Rocket's spendingbility. I am sure Spree makes more than the new CEO of HP, which has 50 billion purchasing power.
     
    #13 YallMean, Mar 30, 2005
  14. AroundTheWorld

    AroundTheWorld Member

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    Pretty sure the 80 million are his assets outside the team he owns. Same with all other owners.
     
    #14 AroundTheWorld, Mar 30, 2005
  15. MFW2310

    MFW2310 Member

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    Please, not the Les is cheap argument again.
     
    #15 MFW2310, Mar 30, 2005
  16. DeAleck

    DeAleck Member

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    And people think the Rockets will trade Yao if he doesn't become a superstar...
     
    #16 DeAleck, Mar 30, 2005
  17. JPM0016

    JPM0016 Member

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    :confused:

    I didn't say that
     
    #17 JPM0016, Mar 30, 2005
  18. uac

    uac Member

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    yep...poor guy only worth 80 million. :rolleyes:
     
    #18 uac, Mar 30, 2005
  19. YallMean

    YallMean Member

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    Maloof brothers only own $100 mil each? :eek: What phonies they have been, pretending to be rich. :D

    Seriously, Maloof bros only has 100 mil outside Sac King? Now this chart is worthless. It must only count the money you have either in bank, in securities, and in stuff like arts, boats etc. It doesnt count one's investment in business.
     
    #19 YallMean, Mar 30, 2005
  20. edc

    edc Member

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    *ring* *ring* "Helllllooooo Tillman"

    (I wish)
     
    #20 edc, Mar 30, 2005
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