Leslie Alexander is selling the Rockets.
Maybe, partially, Beyonce.
Pop superstar Beyonce, a Houston native, is mulling an investment in the National Basketball Association’s Rockets, according to people familiar with the matter.
In a rule that interestingly stems from her husband – Jay Z, who previously owned a small share of the Nets – teams can no longer sell less than 1% stakes.
She’ll obviously need to join a group led by a wealthier buyer. But it shouldn’t be too hard to find billionaires who want to associate with her celebrity.
The NBA will certainly monitor situation closely, as it does, considering Jay Z now oversees an agency. I’m not sure what steps will be necessary to avoid a conflict of interest or appearance of one, but that might be the biggest obstacle if Beyonce wants to get involved.