Beyonce Interested In Buying a Stake in Houston Rockets
Beyonce is reportedly interested in investing in the National Basketball Association’s Houston Rockets. According to a report,
Rockets owner Les Alexander, a former bond trader, said last month he was selling the team amid a surge in franchise values across sports. The club’s popularity in China may push the sale price past the record $2 billion Steve Ballmer paid for the Los Angeles Clippers three years ago. Alexander paid $85 million for the Rockets in 1993.
Beyonce’s husband, Jay-Z was born in Brooklyn and once held a less than 1 percent stake in basketball’s Nets. He sold his share of the team after starting Roc Nation, which represents athletes. Beyonce, who is from Houston, has yet to comment.