After announcing his plans to sell the team in late July, Leslie Alexander has found a new owner very quickly.
Tilman Fertitta, a Galveston-based entrepreneur, is the owner of Landry’s Inc. and Golden Nugget Casinos. He is now also owner of the Rockets, and purchased the team for a record-price $2.2 billion.
Fertitta, 60, tried purchasing the Rockets for $81 billion back in 1993, ultimately losing to Alexander’s $85 million price. Alexander’s tenure as owner has increased the value of the organization sixteen times the amount of which it was purchased 24 years ago.
The selling of the Rockets for $2.