Newly minted Houston Rockets owner Tilman Fertitta talks about a host of topics related to his record-setting $2.2 billion purchase of the NBA’s Houston Rockets, including why --  for this asset -- he disregarded EBITDA. He also talks about the synergies with his other business interests, the promise of legalized sports betting and why he’d be willing to sell a tiny piece of the team to pop superstar Beyonce. Fertitta also gives a host of reasons why the team will be worth $3 billion in a few years. 

Fertitta has a net worth of about $3 billion. He’s the sole owner of Landry’s Inc., one of the largest restaurant chains in the U.S., and also owns all of Golden Nugget Inc. He is also the host of CNBC’s Billion Dollar Buyer program.

Newly minted Houston Rockets owner Tilman Fertitta talks about a host of topics related to his record-setting $2.2 billion purchase of the NBA’s Houston Rockets, including why --  for this asset -- he disregarded EBITDA. He also talks about the synergies with his other business interests, the promise of legalized sports betting and why he’d be willing to sell a tiny piece of the team to pop superstar Beyonce. Fertitta also gives a host of reasons why the team will be worth $3 billion in a few years. Fertitta has a net worth of about $3 billion. He’s the sole owner of Landry’s Inc., one of the largest restaurant chains in the U.S., and also owns all of Golden Nugget Inc. He is also the host of CNBC’s Billion Dollar Buyer program.

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

Michael Barr, Vanessa Perdomo and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back-page entertainment. The show explains the money behind the games.

Scarlet Fu, Michael Barr and Damian Sassower follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry.

Bloomberg Business of Sports

You Want a Sure Thing, Can’t-Miss Asset? Hint: Hoops

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5ffe8f31-555e-4dcc-a060-ae39009f16db/transcript

Advertisement