Local billionaire Tilman Fertitta officially owns the Houston Rockets and Clutch City Sports and Entertainment, the NBA team announced in an Oct. 6 press release.

The NBA Board of Governors unanimously approved Fertitta as the Rockets’ new owner on Oct. 5. Fertitta bought the team from Les Alexander for an NBA record $2.2 billion, surpassing the $2 billion that Steve Ballmer paid for the Los Angeles Clippers in 2014.

“Leslie has left an indelible mark on Houston sports history,” Fertitta…

Houston Biz Journal
Billionaire Tilman Fertitta closes on .2B deal to buy Houston Rockets