Finance

McIngvale considers Houston Rockets investment

McIngvale considers Houston Rockets investment

In an interview with FOX 26 Sports, Mutombo talked about potentially putting together an ownership group to purchase the Rockets from Leslie Alexander, who announced his intention to sell earlier in the week.

"I missed my opportunity two years ago with the Atlanta Hawks", he lamented Tuesday, referring to the 2015 sale of the team to a group that included fellow Hall of Famer Grant Hill.

The owner of the Top 100 company first noted his interest in investing in the team on Facebook after hearing concerns the team would move out of the city under new ownership, the Houston Chronicle reported. Perhaps he can convince some former teammates and Rockets greats (McGrady, Yao, Battier) to throw some money into the ring? This comes at a time when the Rockets are making a big push to challenge the Warriors in the Western Conference, signing James Harden to a massive contract extension and acquiring Chris Paul from the Clippers while working on bringing in Paul's friend Anthony.

Mutombo then discussed what made him interested in being part of the team that could potentially own the Rockets.

Mutombo says he still has a home in Houston and not having to relocate is a major selling point - that and the fact that the Rockets have been one of the best-run franchises over the last two decades.

Australian surfer Mick Fanning in another shark scare — BBCI
Take the safety crew keeping an eye on things at World Surf League's 2017 Coroona Open J-Bay titles, for example. Fanning blamed his own errors and the improved form of his opponent for Wednesday's loss.

"It's like someone who's already sitting on the runway trying to take off". Alexander has always been well-liked by the Houston Rockets players and coaches, and he has always maintained an excellent reputation around the league. That's what kind of team the Rockets are right now.

Do you have about $2 billion just lying around?

Mutombo had five other stops before he played the final five seasons of his career in Houston. Mutombo has tried to purchase an National Basketball Association team before, as he tried to get a group to buy the Atlanta Hawks in 2014, but failed to get enough investment interest to make an offer.

The Rockets are valued at $1.65 million with $244 million in annual revenue coming in, according to Forbes. "It's really the right time".


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