Billionaire owner of Houston Rockets Leslie Alexander will sell the team to Billionaire Tillman Fertitta for $2.2 Billion Dollars! Alexander brought the Rockets in 1993 for just about $85 Million, now he will sell the team for 2.2Billion, more than 25x than his buying price setting a record for a NBA franchise. In technical speak, if executes that would value the team more than 35x EBITDA. Manchester United, the worlds most valued scoccer team currently is valued at around 15x EBITDA. Low interest rate environment makes it possible for easy borrowing for many franchise owners or for any investor buying big ticket items. Fertitta, the buyer is said the be worth 3.1 Billion and also has to Business TV show on CNBC. #billionaireboysclub #billionairetoys #basketball #nbafranchise #houstonrockets #tilmanfertitta #laundry #bubbagumpshrimp #tilmanfertitta #jamesharden #chrispaul
