Now that there is cash in the bank, Houston Rockets owner Tilman Fertitta has said ‘he’d rather not take on limited partners, but he would be willing to make an exception for pop superstar Beyonce.’
Fertitta told the press: “I prefer to own 100 percent.” Adding: “If somebody as special as a Beyonce or somebody like that wanted to come in for a tiny percentage because they wanted to be an ambassador for the team because this is their hometown — would I sit down and discuss it with them? Yeah, I would sit down and discuss it with them. It’s a compliment to have somebody like Beyonce to want to be a part of your team.”
Investors would certainly help to spread the cost of the massive $2.2 billion purchase of the teams franchise. Beyonce, who is a Houston native, was possibly interested in being an investment in the team when it was put up for sale.
As we reported before, it’s quiet common for celebrities to make smaller investments in professional sports teams. Take for instance, Beyonce’s husband, Jay-Z. He was born in Brooklyn and once held a less than 1 percent stake in basketball’s Nets.
As of now Fertitta also owns one of the world’s largest restaurant and hospitality chains, as well as Golden Nugget Inc.