Wednesday, 15 August, 2018

Dikembe Mutombo 'working on' putting together a group to buy Houston Rockets

James Harden Ronald Martinez | Getty Images James Harden
Frederick Owens | 21 July, 2017, 04:30

"It's been a great joy in his life and pleasure to be the owner of the Houston Rockets". According to Forbes, the Rockets were worth $1.65 billion as of February 2017. Fertitta, the owner of Landry's, Inc, (a restaurant corporation that owns restaurants such as Rainforest Café, Saltgrass Steakhouse, and Bubba Gump Shrimp Co.) was recently ranked as the 246 wealthiest man in America on the Forbes top 400. "Just the connection with the community that's been established over 24 years has been an incredible opportunity that he's just loved". Houston native and billionaire restaurateur Tilman Fertitta, former Rockets center Yao Ming and Gallery Furniture owner Jim "Mattress Mack" McIngvale have all expressed interest in buying the team.

The move caught most sports-business insiders off guard: there had been no chatter that the team was on the market, much less that Alexander was even considering a sale.

Dikembe Mutombo said he wants to get into National Basketball Association ownership and is looking for people to join a bid for his former team the Houston Rockets.

"That's the reason I don't want to sell my house, because Houston will always have a place in my heart", Mutombo told Fox 26 Sports. Mutombo is now talking to potential investors in order to bring a group together and make a bid.

The Hall of Famer played in the National Basketball Association for 18 years and spent his final five seasons in Houston before retiring in 2009.

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Mutombo might not have a majority stake in whatever purchase is made, but he said he wants to be a part of a new ownership group in some way.

There is no timetable for a sale to be completed at this point, but an important date to keep in mind is October 17. There is no timetable to sell the team.

Rockets CEO Tad Brown is overseeing the process of selling the franchise.

Whoever ends up purchasing the team will have some very big shoes to fill. It's one of the best franchises right now. That name recognition could put the Rockets in play as an global investment.

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