Pop star Beyoncé Knowles-Carter is mulling the possibility of investing in the Rockets, reports Scott Soshnick of Bloomberg. The club announced just over two weeks ago that team owner Leslie Alexander was putting the franchise up for sale.
Beyoncé is a Houston native, making her connection to the Rockets a logical one. If she were to invest in the franchise, she wouldn’t be the first person in her family to have owned a portion of an NBA team. Her husband Jay-Z previously had a small stake in the Nets before selling his share of the team in order to launch his Roc Nation agency. Elsewhere in the NBA, Justin Timberlake owns a piece of his hometown Grizzlies.
As Sochnick details, Forbes placed Beyoncé second on its 2017 list of highest-paid celebrities and estimated her net worth at $350MM. While that’s a significant sum, it will fall well short of the Rockets’ eventual sale price, which should easily exceed $1 billion and could approach $2 billion. As such, if Beyoncé were to get involved in a bid for the team, it would have to be as a minority investor.
The Rockets have generated “a bevy of global interest” among potential buyers since Alexander made his decision to sell the team, per Soshnick. While a handful of would-be investors have expressed public interest in buying the franchise, it doesn’t appear there’s a frontrunner yet.
I’m assuming they’ll host “Single Ladies Night”
She’d be the best owner in Texas though it isn’t that tough to top Mark Cuban.
Best looking no doubt
Best looking owner for sure
A) Mark Cuban is great this coming from a unbiased Suns fan
B) pretty sure the Spurs owner is the best owner in Texas especially now that Leslie is selling the Rockets
Lol
LOL!
Chris Paul and James Harden better put a ring on it.
Damn:)
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