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    Houston Rockets Sold

    Rockets get Billion Dollar Buyer: Tilman Fertitta buys team from Les Alexander

    Marcy de Luna
    Sep 5, 2017 | 9:13 am
    Houston, Tilman Fertitta, September 2017
    Billionaire restaurateur Tilman Fertitta has purchased the Rockets for a reported $2 billion.
    Courtesy of cnbc.com

    UPDATE: In an official announcement on Tuesday, the Rockets have confirmed that a definitive agreement has been signed for the purchase of the NBA franchise by Tilman Fertitta. The transaction will require the approval of the NBA Board of Governors.

    “I am truly honored to have been chosen as the next owner of the Houston Rockets. This is a lifelong dream come true,” Fertitta said via the release.

    "Leslie Alexander has been one of the best owners in all of sports, and I thank him immensely for this opportunity. He has the heart of a champion. Lastly, out of respect for the NBA’s approval process, I can say no more other than I am overwhelmed with emotion to have this opportunity in my beloved city of Houston.”
    ----------------

    The Rockets are off the market. Houston billionaire restaurateur Tilman Fertitta has reportedly acquired the team from Les Alexander for $2.2 billion, setting a new record for the most money paid for an NBA franchise.

    The team could announce the agreement as early as Tuesday, according to KRIV-TV Fox 26’s Mark Berman, who first reported the news.

    In July, Alexander announced that he was looking for a potential buyer. He purchased the team for $85 million in 1993.

    Along with Fertitta, others who expressed interest in owning the franchise included entertainment icon and Houston native Beyonce, Jim "Mattress Mack" McIngvale, former Rockets great Yao Ming, and Gulf States Toyota CEO Dan Friedkin.

    sportscelebrities
    news/sports

    rock on

    Native Houstonian brings Austin-based climbing gym to the East End

    Jef Rouner
    Oct 6, 2026 | 3:00 pm
    A climbing wall at Crux Climbing Center
    Photo courtesy of Crux Climbing Center
    One of the many climbing walls at Crux.

    Crux Climbing Center, one of Austin's best indoor bouldering and climbing gyms, opened its first Houston location in September and is hosting a grand opening celebration this weekend.

    "As a native Houstonian, bringing Crux to the Bayou City has always been a part of the long-term vision," said native Houstonian, CEO, and co-founder Kevin Goradia. "Crux is a community-oriented climbing gym, and our decision to open our first out-of-market location at The Plant was largely inspired by Concept Neighborhood’s plans to create a walkable neighborhood that truly integrates the local community.”

    Goradia — the son of Houston petrochemical billionaire Vijay Goradia — co-founded the first Crux in South Austin in 2016 after being dissatisfied with the offerings at other climbing gyms. Crux has almost everything a climber could want, including bouldering, training boards, a spray wall, strength training, fitness and yoga classes, saunas, locker rooms, a Kids Cave, lounge space and a retail shop.

    The gym flourished in the post-COVID physical activity boom as more people looked for both exercise and social interaction following the lockdowns. The community aspect of Crux is very important to Goradia. When he was diagnosed with cancer in January 2023, he credits the support he had through the climbing scene in Austin as a major factor in his eventual recovery.

    Now, he's bringing that to Houston, a city where indoor-climbing is booming. The exceptional flat city has few natural climbing spots, which would be arduous even if they existed thanks to the heat. Instead, the last twenty years have seen an explosion of massive, indoor facilities like inSPIRE, Momentum, and now Crux.

    The grand opening event will take place at the 21,000-square-foot gym space located at The Plant (3100 Canal St.) on Saturday, October 10 from 2-8 pm. This is more than just a few grab bags and a chance to do some climbing. Native Houstonian, CEO, and co-founder, Kevin Goradia is pulling out all the stops with a full vendor fair offering art, jewelry, and vintage items.

    The climbing will be a great way to work off the calories from some of the food partners. Cheaters Creamery and Sinfull Bakery will both be handing out treats, and Miguelitos Grill will be serving fresh-off-the-grill quesadillas that can be washed down with beer from St. Arnold's Brewery for the 21-and-up crowd. There will even be free tattoos from 13 Goats.

    And, of course, there will be climbing. Throughout the event Crux is offering BOGO deals and raffles. The event itself is free, so this is a great opportunity to get a look at what made Crux stand out in Austin.

    news/sports
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