Hoops Frenzy

Surprise! Billionaire Rockets owner Les Alexander puts NBA team up for sale

Surprise! Billionaire Rockets owner puts NBA team up for sale

James Harden, Les Alexander
Les Alexander recently posed with James Harden after giving the Rockets star the largest contract in NBA history Instagram/@HoustonRockets

The Houston Rockets are for sale and owner Les Alexander is looking for a potential buyer, the team announced Monday.

During a press conference, CEO Tad Brown said Alexander felt the time was right to sell the team.

In recent weeks, the Rockets have been at the center of trade rumors surrounding New York Knicks star Carmelo Anthony. Just a couple days ago, the team added former Los Angeles Clippers superstar Chris Paul.

The Rockets are valued at nearly $1.65 billion, according to Forbes. Alexander paid $85 million for the team in 1993.

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