ROCKETS SOLD

Les Alexander sells Rockets to Tilman Fertitta for $2.2 billion

It was happening and now it has happened -- the Houston Rockets have been sold. Leslie Alexander, who owned the Rockets franchise for the past 24 years, has sold the team to Houston billionaire Tilman J. Fertitta for a sale price of $2.2 billion. Fertitta, who has lived in the Houston area all his life, is the owner of Landry's restaurant chains and Golden Nugget casinos/hotels. "I am truly honored to have been chosen as the next owner of the Houston Rockets," said Fertitta. "This is a life-long dream come true."