Beyoncé To Purchase Stake In The Houston Rockets?
Beyoncé May Purchase Stake In Houston Rockets
The scoop on the hardwood is Beyoncé may be purchasing stake in the Houston Rockets.
Bloomberg released a report claiming insiders tipped them off to the possible investment by Mrs. Carter.
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.
It’s common for celebrities to make small investments in sports teams. Beyonce’s husband, Jay-Z, for instance, 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.
There are plenty of other examples: Pop star Justin Timberlake, a native of Memphis, Tennessee, owns a piece of basketball’s Grizzlies; tennis players Venus and Serena Williams, as well as Jennifer Lopez, are investors in football’s Miami Dolphins; and actor Will Ferrell has a stake in Major League Soccer’s Los Angeles Football Club.
This would be dope!