Houston Rockets owner, Leslie Alexander and NBA Legend, Hakeem Olajuwon talk during the Yao Ming jersey retirement ceremony during the Chicago Bulls game against the Houston Rockets on February 3, 2017 at the Toyota Center in Houston, Texas.
We were all curious about what the special announcement at 2 PM on Monday was all about, and Houston Rockets president Ted Brown gave us an answer.
"I've made this decision after much deliberation with my family and friends and do so knowing the franchise is in great shape with the players, coaches and management team in place", added Alexander. The Rockets are valued at almost $1.65 billion, according to Forbes.
Alexander purchased the Rockets in 1993 for a reported $85 million.
However, Brown said at a press conference that Forbes' valuations have been "very low" compared to final sale numbers, according to the Houston Chronicle.
Dhawan replaces Vijay as wrist troubles continue
After a magnificent series against England and Bangladesh, Vijay managed just 113 runs in three Tests at an average of 22.60. India's tour of Sri Lanka will comprise of three Tests, five one-day internationals and one-off T20.
Leslie Alexander has done an excellent job of leading the Houston Rockets over the past 24 years, with two championships under his belt.
"There are passions in his life", Brown said .
"I do think it's a grind and he's exhausted", Brown said. "It can wear on you after so many decades and he's exhausted".
"Leslie Alexander is a true competitor who always searched for the right move to make his teams better, Silver said". The process towards finding a new buyer have already begun and Brown will head up that process alongside the National Basketball Association league office.
There is no set timetable for the sale, but Brown said they want to find the right buyer and won't rush the process.
During his time as owner of the Rockets Alexander has been active in the community and through his Clutch City Foundation he has given more than $35 million to charities throughout the city.