Beyoncé considering purchase of Houston Rockets ownership stake—report

first_imgRobredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Don’t miss out on the latest news and information. DILG, PNP back suspension of classes during SEA Games Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ SMBeer, TNT renew rivalry POWER COUPLE Beyonce Knowles and rapper husband Jay Z. AFP PHOTOThe search for the next Houston Rockets franchise owner continues and one internationally acclaimed pop star has entered the scene.Houston, Texas-native Beyoncé Knowles-Carter is reportedly mulling over a minority ownership of the Rockets franchise, after owner Les Alexander put it up for sale last month.ADVERTISEMENT The famed business magazine also cited Beyoncé’s net worth at $350 million, while her husband Jay-Z is believed to be worth around $810 million.The power couple are avid NBA fans, often appearing in regular season games and a fixture in the sidelines during the All-Star weekend.  Khristian Ibarrola /raRELATED STORY:NBA legend Mutombo looking to purchase Houston RocketsADVERTISEMENT National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress LATEST STORIES Sports Related Videospowered by AdSparcRead Nextcenter_img View comments Robredo should’ve resigned as drug czar after lack of trust issue – Panelo MOST READ Lacson: SEA Games fund put in foundation like ‘Napoles case’ Sources familiar with the matter told Bloomberg that the 35-year-old former “Destiny’s Child” singer was certainly interested, after husband Jay-Z sold his 1 percent stake of the Brooklyn Nets in 2013.The report added that Beyoncé could become a valuable asset by adding “superstar sizzle to any ownership group, likely helping the team with local and international marketing.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsAlexander purchased the Rockets in 1993 for $85 million.Forbes’ estimated value of the team is as high as $2 billion, given its blockbuster off-season transactions of acquiring Chris Paul via trade and signing James Harden to a long-term contract. The club’s popularity overseas—particularly in China—may further boost its value as well, the report said. Trump strips away truth with hunky topless photo tweet Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’last_img

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