Beyonce Misses Out on Chance to Buy Houston Rockets

Billionaire restaurateur Tilman Fertitta will buy the NBA team
By Evann Gastaldo,  Newser Staff
Posted Sep 5, 2017 8:29 PM CDT
Beyonce Misses Out on Chance to Buy Houston Rockets
Recording artist Beyonce attends the second half of an NBA basketball game between the Brooklyn Nets and the Houston Rockets at the Barclays Center, Tuesday, April 1, 2014, in New York.   (AP Photo/John Minchillo)

Beyonce will not be adding "basketball team owner" to her impressive resume, at least not yet. The singer was rumored to be part of an investment group looking to buy the Houston Rockets, but the group lost out to billionaire restaurateur Tilman Fertitta, TMZ reports. Fertitta will reportedly buy the team from current owner Leslie Alexander for $2.2 billion (a record price for an NBA team, ESPN reports); Alexander originally bought the team for $85 million in 1993. Fertitta, who stars in the CNBC reality series Billion Dollar Buyer, is reportedly worth $3.1 billion. (More Beyonce stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.