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View Full Version : Houston Rockets are for sale



Htownballa1622
07-17-2017, 03:16 PM
887025973421584385

uh oh

Htownballa1622
07-17-2017, 03:17 PM
gotcha by 2 ;)

FlashBolt
07-17-2017, 03:18 PM
https://twitter.com/MarcelinoKHOU/status/887026487878176769/photo/1

rhino17
07-17-2017, 03:21 PM
This is really, really bad news. Les is the best owner in the history of the city. He is the guy that has allowed the Rockets to be so aggressive over the years. Only 2 losing seasons during his entire ownership (since 93).

I hope Tilman Fertita is the buyer. I think he will continue in the same vein as Les. He's gotta be interested

Saddletramp
07-17-2017, 03:28 PM
Believe me, you don't want Fertitta touching any sports team you cheer for. Without getting in to specifics.......just no.


With the amount these teams are selling for these days, I doubt Fertitta would pony up that much money. Hoping some tech guy goes all in.

rhino17
07-17-2017, 03:33 PM
Believe me, you don't want Fertitta touching any sports team you cheer for. Without getting in to specifics.......just no.


With the amount these teams are selling for these days, I doubt Fertitta would pony up that much money. Hoping some tech guy goes all in.

His businesses (restaurants) are garbage, but I think he has the right mentality for sports ownership. He has done a great job at UofH

But I suppose his casino interests may not allow him to purchase a professional sports franchise

HandsOnTheWheel
07-17-2017, 03:35 PM
Good time to sell..

Saddletramp
07-17-2017, 03:41 PM
His businesses (restaurants) are garbage, but I think he has the right mentality for sports ownership. He has done a great job at UofH

He's cheap as **** and will cut corners every chance he gets. He'll come out strong for a few years but things'll go to ****.

GREATNESS ONE
07-17-2017, 03:46 PM
Sell high.

Gritz
07-17-2017, 03:58 PM
Let's all chip in and buy it, I'm sure some of you get a decent amount of allowance from your parents.

mightybosstone
07-17-2017, 04:13 PM
...:sigh:...

jaydubb
07-17-2017, 04:18 PM
Let's all chip in and buy it, I'm sure some of you get a decent amount of allowance from your parents.
I'll put up $20. :shrug:

If enough of us come together, we could do it

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GREATNESS ONE
07-17-2017, 04:22 PM
I'll put up $20. :shrug:

If enough of us come together, we could do it

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I got 100$ on it but we gotta trade Harden.

mightybosstone
07-17-2017, 04:24 PM
This is not a good day to be a Rockets fan. I haven't always agreed with Les, but his determination to always be getting better and his refusal to tank was admirable, and it netted this franchise James Harden and Chris Paul. I don't think there's much of a chance (knock on wood) of the Rockets moving to another city, but there's always a very real chance that the team will get dealt to a bad owner.

I'd love to see Jim Crane buy them if he has the capitol to pull it off. He's done a remarkable job with the Astros. Michael Dell is also a native Houstonian who lives in the Austin area and has a boatload of money, but I have no clue if he's interested in sports or not.

Gritz
07-17-2017, 04:32 PM
I got 100$ on it but we gotta trade Harden.

http://www.gifimagesdownload.com/wp-content/uploads/2016/02/free-get-out-gif-888.gif

rhino17
07-17-2017, 06:20 PM
Houston Reporter Mark Berman's early reports of interested buyers

Bob McNair (Texans owner) is NOT interest

Tilman Fertita (Landry's, Inc) IS intersted, has wanted to own a team for a long time

GREATNESS ONE
07-17-2017, 06:21 PM
http://www.gifimagesdownload.com/wp-content/uploads/2016/02/free-get-out-gif-888.gif

:laugh2:

JasonJohnHorn
07-17-2017, 06:30 PM
He heard how much the Clippers went for after they picked up CP3 and thought he'd get 2billion too!

Redrum187
07-17-2017, 06:43 PM
He heard how much the Clippers went for after they picked up CP3 and thought he'd get 2billion too!

:laugh:

jaydubb
07-17-2017, 06:53 PM
I got 100$ on it but we gotta trade Harden.
Oh absolutely ^^

3 way trade with pelicans and lakers maybe? Harden to pelicans, Anthony Davis to lakers, luol Deng to rockets? :nod:

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GREATNESS ONE
07-17-2017, 07:01 PM
Oh absolutely ^^

3 way trade with pelicans and lakers maybe? Harden to pelicans, Anthony Davis to lakers, luol Deng to rockets? :nod:

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That seems a little unfair, I think the Lakers need to trade more so add in Clarkson. That should work :p

jaydubb
07-17-2017, 07:05 PM
That seems a little unfair, I think the Lakers need to trade more so add in Clarkson. That should work :p
Indubitably

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J4KOP99
07-17-2017, 07:17 PM
I wonder why he's selling. Someone is about to have their dream true... while also spending a couple billion in the process.

lamzoka
07-17-2017, 08:01 PM
Lebron looking at his bank account...

BKLYNpigeon
07-17-2017, 08:31 PM
I wonder why he's selling. Someone is about to have their dream true... while also spending a couple billion in the process.


He's 80 years old. Time to cash in now while you're still alive.

jaydubb
07-17-2017, 08:48 PM
He's 80 years old. Time to cash in now while you're still alive.
Yepp ^^

Cash in now while he can still get the good ol' pecker up for all the young hot mid 20 year old women that will throw themselves at him.. 80 is pushing it but with all that cash I'm sure he can afford something to help get it up

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rhino17
07-17-2017, 09:03 PM
For the record, Les is 72

idk, why Woj said he is over 80

GREATNESS ONE
07-17-2017, 09:48 PM
More time for bang bang bang! Get it in! ^ like Scarlett in that sig mmmmmm

COOLbeans
07-17-2017, 09:52 PM
Coincidence that Paul, President of the players association went to the Clippers right before the Donald Sterling/ Clippers sale thing. Didn't hurt that his presence raised the value of that franchise. Now here we go with the Rockets.

Cracka2HI!
07-17-2017, 10:24 PM
Every team that Chris Paul has played for will have changed owners. He did finally make it to a team that has made it to the conference finals this century by going to Houston. Very weird parts of his resume.

Mr.B
07-17-2017, 10:40 PM
Now it makes sense why he traded for Chris Paul in spite of them not really being a good fit together. Adding a potential HOF drove up the value.

jaydubb
07-17-2017, 10:50 PM
Gonna be the Seattle SuperRockets
:clap:

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sep11ie
07-17-2017, 10:51 PM
Gonna be the Seattle SuperRockets

Scoots
07-17-2017, 11:04 PM
Wonder what the risks of the team moving are?

rhino17
07-17-2017, 11:14 PM
Wonder what the risks of the team moving are?

none. No one is gonna move a historically consistent franchise, in a city with nearly 7 million people, with massive appeal in China.

They will probably be the most expensive team ever sold, no one is moving them after that.

B'sCeltsPatsSox
07-17-2017, 11:18 PM
Maybe Bezos buys them and moves to Seattle lol

More-Than-Most
07-17-2017, 11:29 PM
def the reason for signing CP3... I think I would have waited though and tried to sign lebron and then sell.

J4KOP99
07-18-2017, 12:02 AM
Only an idiot would be influenced in making a multi billion dollar purchase after a Chris Paul signing.

You guys are kidding right? The rockets value does not change one iota with Chris Paul. Maybe if it was Lebron at 21 years old...

J4KOP99
07-18-2017, 12:04 AM
none. No one is gonna move a historically consistent franchise, in a city with nearly 7 million people, with massive appeal in China.

They will probably be the most expensive team ever sold, no one is moving them after that.

Completely agree. They are highly profitable with a relatively new arena. Great fan base. Huge city. Good history of success. The yao-China connection. Etc.

GREATNESS ONE
07-18-2017, 12:18 AM
Only an idiot would be influenced in making a multi billion dollar purchase after a Chris Paul signing.

You guys are kidding right? The rockets value does not change one iota with Chris Paul. Maybe if it was Lebron at 21 years old...

No not st all but it does with Harden unfortunately, and stability. The new owner is walking into a stable situation, easy sell for close or around 2bill.

GREATNESS ONE
07-18-2017, 12:19 AM
Completely agree. They are highly profitable with a relatively new arena. Great fan base. Huge city. Good history of success. The yao-China connection. Etc.

100% but we need the SuperSonics back.

More-Than-Most
07-18-2017, 12:53 AM
Completely agree. They are highly profitable with a relatively new arena. Great fan base. Huge city. Good history of success. The yao-China connection. Etc.

my god think for a second... its not the move that influenced the sale but the sale that influenced the move... He was probably thinking of selling for a while.. You are a fool if you think CP3 one of the top 10 players in basketball next to one of the top 10 players in basketball doesnt shoot the price up some by adding him to said team... I 100 percent think he traded for CP3 because he knew he was selling and thus its an extremely smart move.

sep11ie
07-18-2017, 01:02 AM
Completely agree. They are highly profitable with a relatively new arena. Great fan base. Huge city. Good history of success. The yao-China connection. Etc.

Houston is actually a pretty terrible sports town. Rockets were in the bottom third for attendance this year.

Vinylman
07-18-2017, 10:24 AM
my god think for a second... its not the move that influenced the sale but the sale that influenced the move... He was probably thinking of selling for a while.. You are a fool if you think CP3 one of the top 10 players in basketball next to one of the top 10 players in basketball doesnt shoot the price up some by adding him to said team... I 100 percent think he traded for CP3 because he knew he was selling and thus its an extremely smart move.

OMFG...

MTM is now a venture capitalist... so clueless it is beyond belief

GREATNESS ONE
07-18-2017, 10:36 AM
OMFG...

MTM is now a venture capitalist... so clueless it is beyond belief

:laugh2:

lakerfan85
07-18-2017, 10:37 AM
OMFG...

MTM is now a venture capitalist... so clueless it is beyond belief

Lol!!

MILLERHIGHLIFE
07-18-2017, 06:08 PM
When this news popped up I bet all beat reporters in Seattle started thinking time to buy and move them to Seattle. Every team that's up for sale has to hear the Seattle fans chime in. I remember when my Bucks were for sale. Tons of Seattle news papers started to clamor for Bucks moving to Seattle with young stud Giannis on the roster. Kings had to hear this just recently as well.

mrblisterdundee
07-18-2017, 06:24 PM
I hear Yao could be part of a Chinese group to buy the Rockets. That would seem like a logical move, along with making Beyonce and maybe Jay-Z a minority owner.

mrblisterdundee
07-18-2017, 06:26 PM
When this news popped up I bet all beat reporters in Seattle started thinking time to buy and move them to Seattle. Every team that's up for sale has to hear the Seattle fans chime in. I remember when my Bucks were for sale. Tons of Seattle news papers started to clamor for Bucks moving to Seattle with young stud Giannis on the roster. Kings had to hear this just recently as well.

I doubt it. Houston is a top-10 TV market that already has a huge following in Asia. Now, if we're talking about New Orleans or even Memphis? Move that team to Seattle.

metswon69
07-18-2017, 06:30 PM
I hear Yao could be part of a Chinese group to buy the Rockets. That would seem like a logical move, along with making Beyonce and maybe Jay-Z a minority owner.

I dont think Jay Z is allowed to own a team. He had to sell his stake in the Nets because he started Roc Nation which represents various athletes as well. That's against league rules.

J4KOP99
07-18-2017, 07:21 PM
OMFG...

MTM is now a venture capitalist... so clueless it is beyond belief

It's unbelievable. Laughably idiotic. I've been reading his posts for what seems like 10 years now and he has never gained even the slightest bit of intelligence. It's like he started posting on here when he was 7 and chose not to get a formal education.

If any signing is a factor in increasing value it would be harden (and having morey). Even then, there are much, much bigger factors at play here. Most of which clearly go over his head. Which is understandable when you spend as much time as he does on psd.

tredigs
07-19-2017, 01:05 PM
Forbes has them listed as worth 1.65 Billion. Which, based on my previous comments on Forbes teams listings and their actual market value, I would venture they sell for well north of 2 Billion, and probably push 3 Billion depending on who enters the bidding war. Not bad for a 50 million dollar investment in the 90's.

Vinylman
07-19-2017, 01:18 PM
Forbes has them listed as worth 1.65 Billion. Which, based on my previous comments on Forbes teams listings and their actual market value, I would venture they sell for well north of 2 Billion, and probably push 3 Billion depending on who enters the bidding war. Not bad for a 50 million dollar investment in the 90's.

I am not sure on that valuation because it really is dependent on the tv revenue and the forecast right now is that it could go down in the future... values have definitely gone up but I would say the out year cash flow forecasts are lower this summer than last summer using the cap as an indicator...

What it really comes down to is if the buyer really cares about the Long Term investment potential or if it is just an ego purchase...

One thing is for sure ... Current owners should be cashing out at this point

tredigs
07-19-2017, 01:42 PM
I am not sure on that valuation because it really is dependent on the tv revenue and the forecast right now is that it could go down in the future... values have definitely gone up but I would say the out year cash flow forecasts are lower this summer than last summer using the cap as an indicator...

What it really comes down to is if the buyer really cares about the Long Term investment potential or if it is just an ego purchase...

One thing is for sure ... Current owners should be cashing out at this point

More than anything my contention is that NBA Franchises are made available so infrequently that when one goes to sale in a major metropolis, the bidding war will inflate the sale price significantly over the Forbes projection. Granted, I'm pretty sure the Rockets have no significant new revenue streams on the horizon with new stadium ticket sales (and more importantly no new stadium coming paid for by tax-payers...the slimiest trick in the business) or a new local TV deal on the horizon, so pushing 3 Billion is probably bullish unless some huge players who don't want to back down get involved. But, they are a team with a marquee GM and now multiple marquee superstars (one signed through the next half decade), so the new owner will feel comfortable in knowing he is entering a safe situation, and that could go a ways in this sales process.

I mean we'll see what happens, but I think we have another >2 Billion dollar sale on our hands, even without the TV benefits.

tredigs
09-06-2017, 01:16 AM
More than anything my contention is that NBA Franchises are made available so infrequently that when one goes to sale in a major metropolis, the bidding war will inflate the sale price significantly over the Forbes projection. Granted, I'm pretty sure the Rockets have no significant new revenue streams on the horizon with new stadium ticket sales (and more importantly no new stadium coming paid for by tax-payers...the slimiest trick in the business) or a new local TV deal on the horizon, so pushing 3 Billion is probably bullish unless some huge players who don't want to back down get involved. But, they are a team with a marquee GM and now multiple marquee superstars (one signed through the next half decade), so the new owner will feel comfortable in knowing he is entering a safe situation, and that could go a ways in this sales process.

I mean we'll see what happens, but I think we have another >2 Billion dollar sale on our hands, even without the TV benefits.

Ding.

Vinylman
09-06-2017, 07:52 AM
More than anything my contention is that NBA Franchises are made available so infrequently that when one goes to sale in a major metropolis, the bidding war will inflate the sale price significantly over the Forbes projection. Granted, I'm pretty sure the Rockets have no significant new revenue streams on the horizon with new stadium ticket sales (and more importantly no new stadium coming paid for by tax-payers...the slimiest trick in the business) or a new local TV deal on the horizon, so pushing 3 Billion is probably bullish unless some huge players who don't want to back down get involved. But, they are a team with a marquee GM and now multiple marquee superstars (one signed through the next half decade), so the new owner will feel comfortable in knowing he is entering a safe situation, and that could go a ways in this sales process.

I mean we'll see what happens, but I think we have another >2 Billion dollar sale on our hands, even without the TV benefits.

Good call... a current valuation can't really support that price but as you said it is more about scarcity and ego.