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Tilman Fertitta was formally launched as the brand new proprietor of the Houston Rockets on Tuesday, slightly greater than a month after spending an NBA-document $2.2 billion for the franchise.

As NBA workforce valuations proceed to rise into NFL territory, nevertheless, Fertitta says he would not have spent the identical cash on a soccer group.

“I might have been scared to pay $2.2 billion for an NFL franchise at this level,” the billionaire businessman stated, in response to ESPN’s Tim MacMahon. “The NBA is the place it is at.”

Whereas the NFL stays the undisputed king of the hill within the American professional sports activities’ pecking order, there are official lengthy-time period questions concerning the league and even the game itself.

Fertitta bought the Rockets from Les Alexander, who paid $eighty five million for the workforce in 1993. That represents a 2,500 % primary return on funding for Alexander.