NBA board approves Fertitta as Rockets owner

The Houston Rockets announced today that Tilman J. Fertitta has officially closed on his purchase of the NBA Houston Rockets and Clutch City Sports and Entertainment.  The NBA Board of Governors unanimously approved Fertitta to join the ranks of an NBA owner yesterday, setting the stage for the commencement of the Fertitta era.

“I could not be happier," said Fertitta. "To own the Rockets in my hometown of Houston is a dream come true.  I promise to continue to make this city proud of the Rockets and to do what we can to bring home a championship.”

Fertitta was a former limited partner of Charlie Thomas when he owned the team back in the early 1980s.  Fertitta paid a record price for the team of $2.2 billion dollars to former Rockets owner Leslie Alexander. 

“Leslie has left an indelible mark on Houston sports history," praised Fertitta. "Not only did he bring two championships to our city, he created a winning environment and culture. He is a tough act to follow.”

"It's great," added Fertitta. "It's a unique club of 30 and I'm really looking forward to working with them, and it oughta be a lot of fun with these 30 people."

Leslie Alexander stated, “I have been friends with Tilman since 1993, so it is my great honor to announce that Tilman and his family have been able to fulfill their dream of owning the Houston Rockets.  Tilman’s passion, commitment to excellence, and unrivaled love for the city of Houston are going to serve him well as a great owner of this proud franchise.”

"This is #1," described Fertitta when comparing the acquisition of the Rockets to his previous business ventures. "There's not even a close second. You got to remember I was a fan of this team when I was 12 years old when they were in San Diego. It's unique. It's #1."

"I can tell Rockets fans we have a great organization," said Fertitta. "We have a great team and we have great management. I'm going to support them, and I'm going to do whatever we can do to make sure that hopefully we can win championships."

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