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Houston Rockets To Be Sold for NBA Record $2.2 Billion

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The Houston Rockets today announced “that a definitive agreement has been signed for the purchase of the NBA franchise by Houston businessman Tilman J. Fertitta, sole owner of the Landry’s restaurant empire and Golden Nugget Casinos and Hotels. The transaction, which includes operation of the Toyota Center Arena, requires the approval of the NBA Board of Governors. Terms of the sale were not disclosed, and Mr. Fertitta has no other partners in connection with the transaction.”

Per ESPN’s Adrian Wojnarowski and Mark Berman of Fox 26 in Houston, the sale price is an NBA-record $2.2 billion.

Sources: Houston Rockets, Adrian Wojnarowski of ESPN

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