1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Leslie Alexander puts the Houston Rockets up for sale

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by J.R., Jul 17, 2017.

Page 17 of 35
  1. daywalker02

    daywalker02 Member

    Joined:
    Jul 17, 2006
    Messages:
    89,730
    Likes Received:
    43,218
    Dun make em too oily and salty. ;)
     
    #321 daywalker02, Jul 17, 2017
  2. tallanvor

    tallanvor Contributing Member

    Joined:
    Oct 9, 2007
    Messages:
    17,119
    Likes Received:
    8,844
    curious why Alexander didn't give announcement himself. He's never seemed to be shy from the public.

    doubt it. Melo wasn't coming here because of Alexander.
     
    #322 tallanvor, Jul 17, 2017
  3. J.R.

    J.R. Member

    Joined:
    Jun 30, 2008
    Messages:
    107,580
    Likes Received:
    156,554


    HOUSTON – Today, Houston Rockets Chief Executive Officer Tad Brown announced owner Leslie Alexander’s intentions to sell the franchise. Alexander has placed Brown in charge of coordinating the sales process in conjunction with the NBA league office.

    “It’s been my great joy and honor to own the Houston Rockets for the past 24 years,” said Alexander. “I’ve had the incredible opportunity to witness true greatness through the players and coaches who have won championships for the city, been named to All-Star and All-NBA teams, enshrined in the Basketball Hall of Fame, and done so much for our franchise and our fans. And the Houston community has been home to me; I will continue to support the charities I have made commitments to throughout the years. I’ll always have a special place in my heart for the fans, partners, city officials and employees who care so deeply for this team. I’ve made this decision after much deliberation with my family and friends, and do so knowing the franchise is in great shape with the players, coaches and management team in place. CEO Tad Brown will oversee the sales process with the league office, supported by my management team.”

    Alexander assumed ownership of the Rockets on July 30, 1993 and the team went onto win back-to-back championships in 1993-94 and 1994-95. Over his 24 seasons as owner, the Rockets posted the fifth-highest winning percentage (.569) in the NBA. The Rockets also registered the second-most winning seasons of any team in the league over that span.

    In 1995, Alexander established the Clutch City Foundation with the goal of providing help, hope and inspiration to those who might otherwise be forgotten. The Clutch City Foundation funds and operates comprehensive programs benefiting thousands of children each year, as well as serving as the umbrella organization for all Rockets community initiatives.

    Throughout his years as owner, Alexander and the Clutch City Foundation contributed more than $35 million to hundreds of charities throughout Houston. Most recently in March of 2017, Alexander pledged $4 million to a group of 20 local charitable organizations. In April of 2016, he donated $500,000 to Mayor Sylvester Turner’s Greater Houston Storm Relief Fund after the city was ravaged by severe rain resulting in flooding.

    Alexander and the Rockets organization have garnered numerous community service awards, including the Pro Team Community Award in 1997, given by the World Sports Humanitarian Hall of Fame.

    In 1998, Alexander and the Rockets organization were awarded Leadership Houston’s “Leadership in Action” Award for outstanding community service to education, one year after winning the same award for outstanding community service to youth.

    Alexander and the Rockets were also honored with the 2005 Texas Association of Partners in Education “Outstanding Business Partnership” award in the Houston Independent School District (HISD). The Clutch City Foundation was also inducted into the HISD Partners Hall of Fame for understanding the value of education, as well as an active commitment to enhancing the educational experiences of HISD students.

    In October of 2016, Alexander and the Rockets were recognized by the Anti-Defamation League Southwest Region as being a “Community Champion” for his decades of charitable giving and leadership.    ​
     
    #323 J.R., Jul 17, 2017
    DonKnock and Vivi like this.
  4. justtxyank

    justtxyank Contributing Member

    Joined:
    Jul 7, 2005
    Messages:
    42,701
    Likes Received:
    39,336
    Right, I would hope so as well, just pointing out that there ARE a lot of ifs out there right now.

    Does a new ownership group come in say "we just spend $2 billion on this franchise, we can't pay the repeater tax for a few years" and force Morey or whoever the next GM is to get under the tax if we aren't winning a title right away?

    This is a serious concern. The cost of holding together a super team to beat the Warriors will be EXTRAVAGANT. People are joking about Banana Boat scenarios, but even a CP3/Harden/Melo scenario is going to be Warrior-level obscenity in luxury tax over the next 5 years. Is a new ownership group going to blink at that?
     
    #324 justtxyank, Jul 17, 2017
    Cstyle42 likes this.
  5. youngshev03

    youngshev03 Member

    Joined:
    Oct 31, 2007
    Messages:
    497
    Likes Received:
    19
    FINALLY!!!!!!!
     
    #325 youngshev03, Jul 17, 2017
  6. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    45,153
    Likes Received:
    21,570
    Beyonce as owner would get all of the free agents.

    I am seeing a buyer from Silicon Valley or China.
     
    #326 Carl Herrera, Jul 17, 2017
    amaru likes this.
  7. malakas

    malakas Member

    Joined:
    Nov 8, 2014
    Messages:
    20,167
    Likes Received:
    15,381
    don't be silly. Extension? The new owner(s) will spend who knows how many hundreds of millions to buy the team. For a mere couple of millions do you think that will prevent them not fire him?
    From almost every new owner I know they want to bring their own ppl in. Morey has to start from the beginning and gain the trust of the new owners.
    It's more likely that they fire him next year than keep him.
     
    #327 malakas, Jul 17, 2017
    deshen and justtxyank like this.
  8. T for 3

    T for 3 Member

    Joined:
    Mar 27, 2012
    Messages:
    5,764
    Likes Received:
    7,996
    He knew he was going to put the team up for sale well before today. Also, well before the Melo talks started. Morey knew too. It will most likely take several months to sell. Therefore, nothing will change in the immediate future.
     
    #328 T for 3, Jul 17, 2017
  9. The Stig

    The Stig Member

    Joined:
    Jan 31, 2010
    Messages:
    2,117
    Likes Received:
    264
    What does this means in terms of bringing a NHL team to Houston?

    Also, owners wish list: Chinese Billionaire. Have y'all seen the Chinese guy funding AC Milan's transfer spree? $150m spent without breaking a sweat.
     
    #329 The Stig, Jul 17, 2017
    snowconeman22 likes this.
  10. marky :)

    marky :) Member

    Joined:
    May 1, 2009
    Messages:
    4,563
    Likes Received:
    4,100
    More concerned of the timing of all this. Why now
     
    #330 marky :), Jul 17, 2017
  11. tinywang

    tinywang Contributing Member

    Joined:
    Mar 21, 2008
    Messages:
    3,506
    Likes Received:
    351
    Les has built up a nice rep and good image for the organization. I would say that's pretty important. GM and coach can get replaced pretty fast but replacing the owner is a bit more difficult.
     
    #331 tinywang, Jul 17, 2017
  12. amaru

    amaru Member

    Joined:
    Jun 25, 2009
    Messages:
    16,609
    Likes Received:
    9,729
    As others have said this throws Paul's commitment to the franchise into question.....at least until some clarity for the new owner comes to light
     
    #332 amaru, Jul 17, 2017
    justtxyank likes this.
  13. zeeshan2

    zeeshan2 Member

    Joined:
    Feb 20, 2013
    Messages:
    48,587
    Likes Received:
    52,055


     
    #333 zeeshan2, Jul 17, 2017
    DonKnock, Vivi and Pen15clubber like this.
  14. jman255

    jman255 Member

    Joined:
    Feb 16, 2010
    Messages:
    281
    Likes Received:
    74
    Joel Olsteen already bought The Summit...
     
    #334 jman255, Jul 17, 2017
  15. mockster

    mockster Member

    Joined:
    May 4, 2013
    Messages:
    3,351
    Likes Received:
    2,859
    Idk everyone seem to be caught off guard by this, as it's been said nobody expected this
     
    #335 mockster, Jul 17, 2017
    amaru likes this.
  16. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    45,153
    Likes Received:
    21,570
    It's kind of interesting to sign a GM to a long extension before selling. Did Les not think about selling when the extension was signed? Maybe the new owner will want to keep Morey, but if they don't, now they are on the hook for a substantial amount of money (I'm guessing maybe $20M) for Morey to not work for them.
     
    #336 Carl Herrera, Jul 17, 2017
    amaru likes this.
  17. JD88

    JD88 Member

    Joined:
    May 24, 2012
    Messages:
    2,597
    Likes Received:
    606
    Great man. Really is.

    By all accounts, he seems to have lived a very fulfilling life.
     
    #337 JD88, Jul 17, 2017
    DonKnock likes this.
  18. LosPollosHermanos

    LosPollosHermanos Houston only fan
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    28,668
    Likes Received:
    12,610
    desperation...not good
     
    #338 LosPollosHermanos, Jul 17, 2017
  19. justtxyank

    justtxyank Contributing Member

    Joined:
    Jul 7, 2005
    Messages:
    42,701
    Likes Received:
    39,336
    Right, Morey may be a good GM but odds are high now that he's fired in the near future unless this team wins a title this year or next year. New owners and GMs bring in their own people. They always give lip service to keeping the current regime, but those guys have no credibility built up so as soon as something goes wrong the new guy says "OK, let's try my people."

    It's the same song and dance every time with new owners and GMs.

    Team doesn't win big the next year and the owner fires the whole regime or a new GM fires the coach. The rumors start early.

    That doesn't guarantee Morey or D'Antoni are going to get fired, but anyone thinking they are safe is kidding themselves.
     
    #339 justtxyank, Jul 17, 2017
    amaru and malakas like this.
  20. JD88

    JD88 Member

    Joined:
    May 24, 2012
    Messages:
    2,597
    Likes Received:
    606
    Maybe he did, and that's why the extension was signed.
     
    #340 JD88, Jul 17, 2017
    amaru likes this.
(You must log in or sign up to post here.)
Page 17 of 35

Share This Page

Toggle Width
Style
ClutchFans Original

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Rockets Content

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now