Results 1 to 10 of 10

Thread: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

  1. #1
    Member vnzla81's Avatar
    Join Date
    Jul 2008
    Location
    Indianapolis
    Age
    36
    Posts
    35,197

    Default HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS






    Must be nice



    @WhatTheFFacts: Studies show that sarcasm enhances the ability of the human mind to solve complex problems!

  2. #2
    Running with the Big Boys BillS's Avatar
    Join Date
    Mar 2004
    Location
    Danberry
    Age
    58
    Posts
    17,092

    Sports Logo Sports Logo Sports Logo

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    14.52% annual return on the investment not counting any sunk costs or the effect of inflation. Not bad but not out of line with the upper level of investment in other areas.
    BillS

    A bird in the hand is worth two in the bush.
    Or throw in a first-round pick and flip it for a max-level point guard...

  3. The Following User Says Thank You to BillS For This Useful Post:


  4. #3
    Member SycamoreKen's Avatar
    Join Date
    Jan 2004
    Location
    Houston, Texas
    Age
    47
    Posts
    10,729

    Sports Logo Sports Logo Sports Logo

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    I'm sure the Toyota Center is part of the deal as well. Still doesn't make me want to attend games when they are not playing the Pacers or Spurs. Now if he would bring a hockey team in I would be interested in visiting the building more often.

  5. #4
    Whale Shepherd cdash's Avatar
    Join Date
    Jun 2009
    Location
    The Sprawl
    Age
    32
    Posts
    31,701

    Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    Quote Originally Posted by SycamoreKen View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I'm sure the Toyota Center is part of the deal as well. Still doesn't make me want to attend games when they are not playing the Pacers or Spurs. Now if he would bring a hockey team in I would be interested in visiting the building more often.
    Toyota Center itself is very underwhelming imo.

  6. The Following User Says Thank You to cdash For This Useful Post:


  7. #5
    Member owl's Avatar
    Join Date
    Mar 2004
    Posts
    7,244

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    Quote Originally Posted by BillS View Post
    This quote is hidden because you are ignoring this member. Show Quote
    14.52% annual return on the investment not counting any sunk costs or the effect of inflation. Not bad but not out of line with the upper level of investment in other areas.

    Agreed.
    On the surface it sounds like a massive windfall but over long periods of time you can invest in the stock market and earn 8%. In any case a good investment
    {o,o}
    |)__)
    -"-"-

  8. #6
    Member Eleazar's Avatar
    Join Date
    Jun 2010
    Location
    Indy
    Posts
    10,286

    Sports Logo Sports Logo Sports Logo

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    Quote Originally Posted by BillS View Post
    This quote is hidden because you are ignoring this member. Show Quote
    14.52% annual return on the investment not counting any sunk costs or the effect of inflation. Not bad but not out of line with the upper level of investment in other areas.
    Yeah, I was recently looking at my investments, over the past 9 years it has averaged over 12% growth year-over-year. So the Rocket's market value grew only slightly faster than the overall US market grew.

  9. The Following 2 Users Say Thank You to Eleazar For This Useful Post:


  10. #7
    Member HickeyS2000's Avatar
    Join Date
    Feb 2011
    Location
    Indianapolis/Sacramento
    Posts
    987

    Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    Quote Originally Posted by Eleazar View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Yeah, I was recently looking at my investments, over the past 9 years it has averaged over 12% growth year-over-year. So the Rocket's market value grew only slightly faster than the overall US market grew.
    Yeah but presumably the owner (and likely a lot of his family and friends) also made an annual salary which is not included in this figure. The stock market won't do that for you. This is fantastic ROI.

  11. #8
    Running with the Big Boys BillS's Avatar
    Join Date
    Mar 2004
    Location
    Danberry
    Age
    58
    Posts
    17,092

    Sports Logo Sports Logo Sports Logo

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    Quote Originally Posted by HickeyS2000 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Yeah but presumably the owner (and likely a lot of his family and friends) also made an annual salary which is not included in this figure. The stock market won't do that for you. This is fantastic ROI.
    I'd say compared to their other businesses it is probably a rather average ROI.
    BillS

    A bird in the hand is worth two in the bush.
    Or throw in a first-round pick and flip it for a max-level point guard...

  12. #9
    Pacer fan since 1993 Ragnar's Avatar
    Join Date
    Jan 2004
    Location
    Fort Wayne, IN
    Age
    45
    Posts
    7,095

    Sports Logo

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    We do not know if he made profit or not while owning it so we do not know the real ROI but he also got to own an NBA team for all that time.

  13. The Following User Says Thank You to Ragnar For This Useful Post:


  14. #10
    Member owl's Avatar
    Join Date
    Mar 2004
    Posts
    7,244

    Default Re: HOUSTON ROCKETS SOLD FOR 2.2 BILLIONS

    The thread originator implied what he was paid was some massive windfall. Of maybe he was just sticker shocked.
    In either case my response is meh. Some players make 25 million a year for playing basketball. Ok, whatever. That is what the market allowed them to get.
    {o,o}
    |)__)
    -"-"-

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •