(Bloomberg) -- Pop superstar Beyonce, a Houston native, is mulling an investment in the National Basketball Association’s Rockets, according to people familiar with the matter.
Rockets owner Les Alexander, a former bond trader, said last month he was selling the team amid a surge in franchise values across sports. The club’s popularity in China may push the sale price past the record $2 billion Steve Ballmer paid for the Los Angeles Clippers three years ago.
Alexander paid $85 million for the Rockets in 1993.
It’s common for celebrities to make small investments in sports teams. Beyonce’s husband, Jay-Z, for instance, was born in Brooklyn and once held a less than 1 percent stake in basketball’s Nets.