Houston Rockets owner Tilman Fertitta took out a $300 million loan at more than 10% interest in April to handle the debt service on his hundreds of restaurants, hotels, casinos and the Rockets, whom he bought for $2.2 billion in 2017. His recent purchase of the Rockets franchise, which he wholly owns, at a record price means he is more leveraged than other owners. Fertitta has said recently in multiple interviews that he doesn’t intend to sell any portion of the team to raise money. Brokers who have approached him privately representing bidders have been told the same, sources said.
Rockets not for sale
