Landry's Owner, Billionaire Tilman Fertitta set to buy Houston Rockets
Fertitta owns, operates several SA restaurants
HOUSTON – Houston business mogul Tilman Fertitta is set to buy the Houston Rockets, according to a press release issued by the team Tuesday.
The $2.2 billion deal, which includes the operation of the Toyota Center Arena, is pending approval by the NBA. If the deal goes through, that would be the most money a team has ever been sold for in league history.
Fertitta, a Galveston native who owns the Landry's restaurant chain and casino empire "Golden Nugget," expressed interest in the team shortly after current owner Les Alexander announced the team was up for sale in July.
“I am truly honored to have been chosen as the next owner of the Houston Rockets,” Fertitta said in a written statement. “This is a life-long dream come true.”
Fertitta is no stranger to San Antonio as he also owns and operates local restaurants such as Tower of the Americas, Landry's Seafood on the Riverwalk and several other locations across town.
Alexander has owned the Rockets since 1993, and has netted two NBA Championships during his tenure.
“I am excited to welcome and pass the torch to Tilman,” Alexander said in a written statement. “He is a Houstonian, business leader and committed to the success and excellence of the Rockets both on and off the basketball court.”
Alexander recently donated $10 million to Hurricane Harvey relief efforts.
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