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The Houston Rockets are for sale, CEO Tad Brown announced on Monday.
He said that owner Leslie Alexander, who bought the Rockets in 1993 for $85 million, is “looking at changing the fabric of his life.”
“When he mentioned to me this morning that he had made up his mind that this was what he wanted to do, I was very surprised,” Brown said. “But, at the end of the day, nothing truly surprises me because Leslie is a man of many passions and he’s got things he wants to do and opportunities that he wants to pursue.”
Alexander has put Brown in charge of coordinating the sales effort, the team said in a news release.
“It’s been my great joy and honor to own the Houston Rockets for the past 24 years,” Alexander said in the release. “I’ve had the incredible opportunity to witness true greatness through the players and coaches who have won championships for the city,…