Houston billionaire Dan Friedkin expresses interest in buying Rockets

Houston Rockets
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We’ve seen the flashy names – Beyonce and Hakeem Olajuwon – interested in buying the Rockets.

But what about someone who can actually afford a majority stake?

Mark Berman of Fox 26:

Houston billionaire Dan Friedkin, owner and CEO of Gulf States Toyota and the president and CEO of the Friedkin Group, acknowledged in a statement released to FOX 26 Sports that he is interested in buying the Houston Rockets franchise.

“I’ve expressed interest in exploring the purchase of the Houston Rockets,” Friedkin said in a statement released by his company.

Forbes pegs Friedkin’s net worth worth at $3.1 billion and the Rockets’ value $1.65 billion. So, while he might be able to buy the team outright, it’d likely be a stretch of his assets.

More likely, if Friedkin is serious about purchasing the team, he’ll do so as part of a group. Whether he’d spend enough to be the controlling owner is an open question.