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Old 07-20-2017, 03:55 PM
 
Location: spring tx
7,912 posts, read 8,198,412 times
Reputation: 1982

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i dont see tilman buying outright. he may be a partner but from what i gather he isnt terribly interested in pro sports. he does a ton with U of H already.
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Old 07-20-2017, 06:45 PM
 
51,945 posts, read 41,806,773 times
Reputation: 32407
Quote:
Originally Posted by rigas View Post
i dont see tilman buying outright. he may be a partner but from what i gather he isnt terribly interested in pro sports. he does a ton with U of H already.
With the huge values of NBA teams anymore, it's going to get rarer and rarer to have "an owner" like what we saw up until this point.
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Old 07-20-2017, 07:28 PM
 
Location: spring tx
7,912 posts, read 8,198,412 times
Reputation: 1982
Quote:
Originally Posted by Mathguy View Post
With the huge values of NBA teams anymore, it's going to get rarer and rarer to have "an owner" like what we saw up until this point.
Agreed

Tillman doesn't strike me as the NBA owner type.
I don't see a return on investment like les has made on this (really any) NBA team.
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Old 09-05-2017, 07:51 AM
 
Location: spring tx
7,912 posts, read 8,198,412 times
Reputation: 1982
Tillman fertitta buying the rockets for 2.2billion
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Old 09-05-2017, 12:36 PM
 
Location: Gulf Coast Texas
28,493 posts, read 15,453,012 times
Reputation: 11411
Rigas - Hope you made it through Harvey unscathed. We had street and yard flooding - but that's it.

Quote:
Originally Posted by rigas View Post
Tillman fertitta buying the rockets for 2.2billion
Good article here.

Houston Rockets Set To Get A New Owner: Local Billionaire Tilman Fertitta

The terms of the sale have not been released officially by the team, but ESPN and USA Today, citing unnamed sources, both report the sale broke an NBA record at $2.2 billion. The agreement tops the 2014 purchase price of the LA Clippers formerly the league's most expensive by roughly $200 million and significantly exceeds the team's reported value, which according to Forbes rests at $1.65 billion.

...
Steve Ballmer spent 6% of his net worth on the Clippers.

Tilman Fertitta is spending 71% of his net worth on the Rockets


At least he is local. Article said they had been negotiating since July.
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Old 09-05-2017, 12:48 PM
 
Location: spring tx
7,912 posts, read 8,198,412 times
Reputation: 1982
Quote:
Originally Posted by DRob4JC View Post
Rigas - Hope you made it through Harvey unscathed. We had street and yard flooding - but that's it.



Good article here.

Houston Rockets Set To Get A New Owner: Local Billionaire Tilman Fertitta

The terms of the sale have not been released officially by the team, but ESPN and USA Today, citing unnamed sources, both report the sale broke an NBA record at $2.2 billion. The agreement tops the 2014 purchase price of the LA Clippers formerly the league's most expensive by roughly $200 million and significantly exceeds the team's reported value, which according to Forbes rests at $1.65 billion.

...
Steve Ballmer spent 6% of his net worth on the Clippers.

Tilman Fertitta is spending 71% of his net worth on the Rockets


At least he is local. Article said they had been negotiating since July.
We survived well, I'm out doing demo and such since last Tuesday.
I own a construction company, we do remodels and such so trying to help out, maybe earn a vacation in the mean time.
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Old 09-05-2017, 04:29 PM
 
Location: Gulf Coast Texas
28,493 posts, read 15,453,012 times
Reputation: 11411
Quote:
Originally Posted by rigas View Post
We survived well, I'm out doing demo and such since last Tuesday.
I own a construction company, we do remodels and such so trying to help out, maybe earn a vacation in the mean time.
You are not getting a vacation anytime soon with everything that needs renovating...
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Old 09-05-2017, 04:57 PM
 
5,145 posts, read 2,767,025 times
Reputation: 4711
I'll pay tree fiddy.
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Old 09-05-2017, 07:21 PM
 
Location: spring tx
7,912 posts, read 8,198,412 times
Reputation: 1982
Quote:
Originally Posted by DRob4JC View Post
You are not getting a vacation anytime soon with everything that needs renovating...
Been ripping Sheetrock, flooring, insulation and cabinets in houses for a week or so.
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Old 09-06-2017, 08:30 AM
 
Location: Island of Misfit Toys
5,066 posts, read 2,185,934 times
Reputation: 4514
2.2 billion, he's nuts. There's is no up side on that, especially if TV contracts tank like most sports will next negotiation. That much of his net worth is crazy as well. He definitely needs a new financial advisor.
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