Owner Alexander Putting Rockets Up For Sale – Owner Leslie Alexander is putting the Houston Rockets up for sale after 24 years of ownership. Alexander bought the team in 1993 for $85 million. Forbes values the franchise at $1.65 billion — good for eighth in the league, with revenues of $244 million. “It’s been my great joy and honor to own the Houston Rockets for the past 24 years,” Alexander said in a statement. “I’ve had the incredible opportunity to witness true greatness through the players and coaches who have won championships for the city, been named to All-Star and All-NBA teams, enshrined in the Basketball Hall of Fame, and done so much for our franchise and our fans.