Tuesday, August 1, 2017

Houston native Beyonce wants a stake in the Rockets: report

Can pop superstar Beyoncé become the next part-owner of the Houston Rockets?

Bloomberg on Wednesday has reported that Beyoncé is interested in "an investment in the Rockets," after the team was put up for sale by Leslie Alexander last July 18.

Beyoncé is a native of Houston.

While there was no comment from Beyoncé's side or from the Rockets, it is not new for celebrities to invest in sports teams. Beyoncé's own husband, Jay-Z, used to own a small piece of the Brooklyn Nets before selling his shares in 2013.

Bloomberg noted that Beyoncé "would add superstar fizzle to any ownership group, likely helping the team with local and international marketing."

"She is one of the most influential celebrities, and on par with soccer star Lionel Messi, according to the Marketing Arm’s Celebrity DBI database. She ranks 150th out of more than 4,000 celebrities, and is particularly effective reaching females between the ages of 13 and 17," Scott Soshnick wrote in the report.

According to Forbes, Beyonce is second to Sean “Diddy” Combs on its 2017 list of highest-paid celebrities at $105 million. Her net worth is $350 million, Forbes said, while Jay-Z is worth $810 million.

The 73-year-old Alexander bought the Rockets back in 1993 for $85 million. Forbes has pegged the franchise's value at $1.65 billion, making them the eighth most valuable franchise in the NBA.

Bloomberg estimates that the Rockets may fetch more than $2 billion, thanks in part to their popularity in China.

source: news.abs-cbn.com