Rockets owner Alexander is selling team, CEO says

Chris Paul waves to fans after being introduced as the newest member of the Houston Rockets Friday, July 14, 2017, in Houston. The nine-time All-Star was traded from the Los Angeles Clippers late last month. Joining Paul on stage, from left to right, are Rockets announcer Craig Ackerman, coach Mike D’Antoni and basket hall of fame member Calvin Murphy. (AP Photo/David J. Phillip)

HOUSTON (AP) — Houston Rockets owner Leslie Alexander is selling the team.


Rockets CEO Tad Brown made the announcement Monday, hours after he said Alexander made the decision.

Alexander took over as owner on July 30, 1993, and the Rockets went on to win back-to-back titles in 1994-95.

Brown says Alexander had been approached over the years by those looking to buy the team, but that he never considered it until very recently.

Brown says he will be working with the league office to facilitate things while they look for a new owner.

There is no set timetable for the sale, but Brown says they want to find the right buyer and won’t rush the process.