Who Owns The Houston Rockets?
The Houston Rockets’ current owner is Tilman Fertitta, who became owner in 2017 for a record-breaking $2.2 billion, making him the team’s sole owner. Under his ownership, the Rockets have made it to the Western Conference Finals twice but are currently in a rebuilding phase after trading James Harden in 2020.
Prior to purchasing the Rockets, Fertitta was best known for his work in the hospitality industry. He is the chairman, CEO, and president of Landry’s, Inc., one of the largest restaurant companies in the United States. He owns several luxury hotels and casinos, including The Golden Nugget in Las Vegas. Tilman Fertitta is a self-made billionaire with a proven track record of success.
According to Forbes, as of the 2022-2023 season, the Houston Rockets are worth $3.2 Billion dollars. This makes them the 9th most valuable National Basketball Association (NBA) franchise.
Where Do The Houston Rockets Play Their Home Games?
The Houston Rockets play their home games in the Toyota Center, located in downtown Houston, Texas. The Toyota Center is a multi-purpose arena that can seat up to 18,300 fans for basketball games. It is also home to the Houston Comets of the WNBA and the Houston Aeros of the American Hockey League (AHL).
The arena opened in October 2003 and cost $265 million to build. It was designed by Turner Construction Company and features 82 luxury suites, 2,900 club seats, and 1,200 general admission lawn seats. The venue is also home to many bars and restaurants, making it a popular destination for locals and visitors.
About The Houston Rockets Franchise
The Houston Rockets are a professional basketball team based in Houston, Texas. The Rockets compete in the National Basketball Association (NBA) as a member of the league’s Western Conference Southwest Division.
The team was established in 1967 as the San Diego Rockets, an expansion team originally based in San Diego. In 1971, the Rockets moved to Houston. The Rockets would go on to win back-to-back NBA championships in 1994 and 1995, led by franchise great Hakeem Olajuwon. Those were the two years that Michael Jordan decided to play baseball and step away from the NBA.
The Houston Rockets have a long history of intense rivalries, dating back to their days in the ABA. Perhaps their most well-known rivals are the San Antonio Spurs, who they have faced off against in the playoffs numerous times. The two teams have very different styles of play, which often leads to heated battles on the court. The team has also developed a rivalry with the Golden State Warriors, largely because they are often seen as the two best teams in the Western Conference between 2015-2020.
They have retired six jersey numbers, including those of Hakeem Olajuwon, Yao Ming, Clyde Drexler, Elvin Hayes, Calvin Murphy, and Moses Malone.