Deals
Beyonce Is Interested in Buying a Stake in the Houston Rockets
- Les Alexander put franchise up for sale about two weeks ago
- Rockets could fetch more than $2 billion as valuations surge
Beyonce at the 2017 NBA All-Star Game in New Orleans, Louisiana, on Feb. 19, 2017.
Photographer: Ronald Martinez/Getty ImagesThis article is for subscribers only.
Pop superstar Beyonce, a Houston native, is mulling an investment in the National Basketball Association’s Rockets, according to people familiar with the matter.
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.