Alexander decided to sell the rocket
I have the honor to witness the Rockets for the city (Houston) to win two championships, witnessed a lot of great players into the All-Star, selected the NBA all the most Good team and into the Hall of Fame, witnessed the players for the team and the fans contribute a lot, but also witnessed the coaches to pay. "Alexander said.
"The Houston community has always been my home, and I will continue to do charity as ever." Rockets fans, partners, Houston officials and rocket employees are very concerned about the team, I will always remember you. The Rockets are in good condition and have excellent players, coaches and management.
"Team president Ted - Brown will work with my management team to sell the matter and collaborate with the alliance," said Alexander. After years of consideration, Alexander recently decided to sell the rocket. The reason he sold the rocket was that after having a rocket for more than 20 years, he decided to change the content of his life and put more energy on charity and family. In announcing the decision, Brown stressed that Alexandria had no relationship with the sale of rockets and health.
The next sale of the rocket will be the responsibility of Brown, the sale of the specific timetable will also be developed by Brown. As for the price of the rocket to sell, Brown said the Forbes 2017 estimate of 1.65 billion is too low, the Rockets will seek higher prices. During the Rockets in Alexandria, the Rockets ranked second in the league, second only to the Spurs.
Alexander was born in 1944 in a Jewish family, graduated from New York University in 1965, received a degree in economics, then continue to study, received a doctorate in law. Alexander's first career was a lawyer who worked for a Wall Street company and then began to work alone and founded his own investment company. This allows Alexander to accumulate enough wealth, in 1993, the individual bought the rocket.
Three reasons for the withdrawal of Alexander
NBA is now flourishing, the ability to make money every year to refresh the record, which makes the NBA's market capitalization rise, every year is increasing. By 2017, the average market value of the NBA team has come to 1.36 billion US dollars, the Knicks market value of 3.3 billion, the Lakers market value of 3 billion, the warrior's market value of 2.6 billion, the bull market value of 2.5 billion US dollars, rocket Of the market value to 1.65 billion US dollars, these are historical records.
Why should Alexander sell the team in the NBA and the R & D market value of the day? First of all, Alexander is a Jewish, college economics income, get lawyers after vocational qualifications, but also engaged in investment started, he is a businessman. Businessmen will be profitable, low buy high and sell, and now the market value of the rocket to the highest level of 1.65 billion US dollars, he shot can earn about 1.57 billion, why not?
Second, Alexander has been 73 years old, the body condition is getting worse, he needs to be in their own time, to deal with the rocket this individual's largest asset. Alexander had only one child under his knees, and he did not let his children go into management early in the same way as the late Lakers' late boss, Jerry Bass, to prepare for future succession. This makes the Rockets face no one after the situation, Alexander need to deal with in advance.
Again, NBA market value may have reached its peak, Alexander wants to cash in time. As the saying goes, extremes meet, Sheng will decline, perhaps in Alexandria, NBA team's market value now comes to the peak, and then the possibility of rising little, simply now shot, timely cash. Since the Clippers sold $ 2 billion in 2014, the NBA team's market value of some bubbles.
Rockets fastest new season before the start of the main
NBA team before the sale, generally have a rumor period, and then is the official operation, but Alexander and the Rockets to break the routine, directly with the form of a public announcement of the sale, it is quite surprising. After Alexander officially announced the sale of the rocket, the rocket has been put on the shelves, buyers can go directly to the rocket bid, eliminating a lot of intermediate processes, which will accelerate the process of rocket sales.
According to the Hawks and Clippers before the sale of precedent, the Rockets are expected to complete the transaction in about three months. Alexander has a 100% stake in the rocket, he now decided to sell the rocket, no one else anyone else have the right to interfere, the rocket directly into the buying and selling market. As long as someone out of Alexandria satisfied with the price, he can directly sign the agreement, and then drew the league approval can be.
It can be seen that the most influential factor in the evolution of the rocket is the price negotiations. Now Forbes valuation of the rocket is 1.65 billion US dollars, but Alexander believes that the price is too low, did not meet their expectations, they will ask for higher prices. If a rocket deal, such as the Clippers boss Steve - Ballmer such a local tyrants, then the transaction will be completed soon, than the Hawks and Clippers trading time is also short.
The Hawks were officially sold into the market from January 2015, and the deal was completed by April 23, 2015. The consortium was completed by Grant-Hill's consortium for $ 850 million. The whole process lasted only three months. Clippers from Donald - Stirling April 29 lifelong ban, to August 13 sold to Ballmer, the transaction process also lasted more than three months time. During this period, Stirling and the Union is still a lawsuit, affecting the progress of the transaction.
It can be seen that the Rockets are now officially entering the market, if someone gives attractive prices, they will be the fastest time to complete the transaction 3 months, that is, before the start of the new season to complete the transaction. In addition to the price, the rocket buyers and sellers will talk about other details, such as the buyer after the completion of the transaction will leave the rocket in Houston, which will take time to negotiate.
Rocket or price increase due to the Chinese market
In 1993, Alexander bought the Rockets for $ 85 million, and the Rockets quickly won the 1993-94 championship in Hakim-Olajuwon, who was the first time in the history of the Rockets, They finished defending the 1994-95 season. The Rockets were able to win the 1994 and 1995 championships with great luck in the inside, and they used Michael Jordan to retire for the first time to succeed.
Alexander and former Lakers boss Jerry - Bass, like, will run the team as their main business. But because the rocket in Houston such a small ball city, Alexander's early operating effect in general, his personal assets were ranked first in all the league boss. In 2005, Alexander's personal net worth was only $ 80 million, and Spurs boss Peter - Holt tied for the league's penultimate.
After a 24-year history of Alexandria, the Rockets' market value rose crazy, according to the data released by Forbes 2017, the current market value of the Rockets has come to 1.65 billion US dollars, compared to 1993 when the rose about 1.57 billion. Rockets this market value of more than the Mavericks 1.45 billion US dollars, mainly because the Rockets have China's big market, and their market development has been very mature.
Rockets in 2002 with Yao Ming, Alexander and rocket management Yao Ming in China, Asia and the world's influence, and vigorously expand overseas markets, especially to expand the Chinese market, a great success. Because of the relationship between Yao Ming, the Rockets eventually become the home team of Chinese fans, in China has numerous fans. NBA also rocket as a breakthrough, by boat, so that the NBA in China to get popular.
During this period, Alexander, Yao Ming and NBA to achieve win-win situation, Alexander and Yao Ming's personal wealth rose rapidly, the NBA opened the Chinese market. In the NBA China market, the Rockets and Alexander have become the biggest beneficiaries, the rocket's market value skyrocketed, Alexander's financial road to expand. So far, according to Forbes statistics, Alexander's personal net assets have come to 1.9 billion US dollars, compared to 2005 when the rose 1.82 billion US dollars.
The Rockets now have a mature Chinese market and commercial channels, coupled with Alexander's earn earning precedence, which may make the market value of the rocket further increased. NBA team market value increases, there are two main reasons: First, 2016-17 season NBA nine years worth 24 billion US dollars of the new broadcast contract into effect, both sides of the NBA labor and capital gains are substantially increased, the team's market value of the natural rise; Increased revenue from overseas markets in the NBA.
In the overseas market development, the Rockets are the NBA team leader, they have the big market in China. Rocket in China is the market development has matured, but still have great potential to be tapped, and this potential is one of the rocket price negotiations bargaining chip. In this context, the future price of the rocket reached 20 billion US dollars is not a strange thing.
31 billion riches intend to buy rockets
Lakers 'late boss, Jerry Bass, bought the Lakers in 1979 when the bid was $ 67.5 million, and the Lakers' market capitalization is now $ 3 billion. In 1981, Sterling bought the Clippers for $ 12.5 million, and when he sold it, the Clippers were $ 2 billion. Warriors small boss Joe - Rakobu and others in 2010 450 million to buy Warriors, the warrior is now the market value of 2.6 billion.
These examples show that the NBA is one of the world's most profitable sports league, NBA team is a high-quality investment goods. Therefore, once the team listed for sale, investors are always flocked to catch up, enthusiastically bid, this phenomenon in the Hawks, Clippers and other teams in the sale, are reflected very clearly. Now the rocket so high-quality team to sell, competition is expected to be more tragic.
At present the Houston local wealthy Tillman - Feltita has made it clear that he will try to buy the rocket. Feltita has $ 3.1 billion worth of home, if he combined with other people to buy the rocket, then it will be very easy. Furti tower to participate in the bidding rocket has a prerequisite, that is, when the rocket to the price not too crazy, but this is clearly not he can control.
No matter who bought the rocket, if they want the rocket to add value, all need to increase the investment. In the past the operation of the rocket, you can see the Rockets general manager Daryl - Morey is a very good manager, he made a lot of decay for the magic of trading or trading, for example, the transaction was James - Harden, Signed by Dwight - Howard, signed by Eric - Gordon, the deal got Chris Paul and so on.
But because of the requirements of the Rockets boss Alexander, the Rockets control the total salary, to reduce the traces of luxury tax is also very obvious, which to some extent affected the overall talent of the rocket. Alexander stingy rumors, from Yao Ming in the rocket period began to rumors, and now only slightly improved. Contrast warriors and knights to win the team, the rocket boss this investment model, there is clearly need to improve the place.
Melon deals or stranded by the rocket easy
For the Rockets existing players and coaches, the change in the boss actually has little effect. First, because the NBA division of labor is clear, the boss is almost difficult to interfere with the specific work of the coach and the players. Easy to speak, regardless of NBA coach and players who work for them, they can do their own work. Second, because the players and coaches are now basically have a contract in the body, do not change the boss will not affect their income.
On June 21, 2017, James Harden and the Rockets completed the contract, the two sides signed a four-year $ 168 million contract, which made him and the Rockets contract continued to 2022-2023 season. Chris Paul and the Rockets contract last year, will be in the summer of 2018 to become a completely free agent, but he renewed or not with the team boss does not matter, but to see when the rocket has not won hope.
For existing rocket players and coaches, the replacement boss has no material impact on them. But the rocket to change the boss, may affect the transaction process, such as Cameron - Anthony deal. For the current rocket, there is no Anthony is two teams, with Anthony they are the Big Three, have the hope of competing for the championship, no words is an ordinary team, which will affect the market value of the rocket.
It can be seen that the rocket has not the same price as Anthony. Alexander in the background of the Rockets did not get Anthony, they directly announced the sale of the team, on the one hand that they have no big hope for the Anthony deal; on the other hand that they have the existing Paul and Harden two giants have confidence, that They have enough attraction to be able to sell a good price.
As a result, the Rockets may have shelved Anthony deals until the end of the sale.
Xiao Hua: Alexander to help the NBA to develop the Chinese market
"Leslie Alexander is a real fighter who has been committed to making his team better.When he owns the rocket, he leads the rocket to create a good management culture that attracts Hall of Fame players, All-star players and excellent coaches to win two NBA championships and four WNBA championships. He is a prestigious and influential boss in the league to help the NBA develop the global market, especially the Chinese market In addition, his charity also benefits a lot of people. "Adam - Xiao Hua said.
coincidence? Last time for the boss rocket win
In 1993, Alexander was the owner of the Rockets at a price of 85 million. It is worth mentioning that Alexander just took over the rocket, the city will immediately in 1994 and 1995 to win, it can not be said to be a fun coincidence.
Nowadays, Alexander intends to sell the team, and deliberately pick the team of the city of the city of Daimman - Feltita tower, happened to be in 1994 and 1995, when the Rockets won two championships adviser.
Taking into account the rocket has a combination of lights, and trying to get through the transaction Anthony, once the transaction is successful, holding the Big Three rocket, will undoubtedly become one of the favorites to win. This time, history will repeat it?
Conclusion: Alexandria with 24 years of salted fish turned over
Alexander initially purchased the rocket, the bid reached 85 million US dollars, he later as the NBA's poorest boss, struggling to support for many years, until 2002 by virtue of sensitive business sense of smell, selected Yao Ming, opened a new chapter in life. He built a new arena Toyota Center, Yao Ming as a link to develop the Chinese market, so that the Rockets become the home team of Chinese fans, in order to achieve Alexander himself, Yao Ming and NBA win-win situation. Now Alexander's personal wealth has come to 1.9 billion US dollars, is no longer the youngest boss, the completion of the salted fish turn over. In Alexandria, the full confirmation of that sentence, the opportunity is always a prepared person.
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