You can take Beyoncé out of Houston, but you can’t take Houston out of the Queen. According to a new Bloomberg report, the H-town singer is reportedly interested in buying a stake in the Houston Rockets basketball team.
Although Beyoncé would have a stake in the team, she would be a minority investor if the deal were to go through, Bloomberg reports. The Rockets have been up for grabs since July 2017, when the team’s owner and former bond trader, Les Alexander, announced his decision to sell the team. Alexander originally paid $85 million for the Rockets; due to the club’s popularity overseas, namely in China, the current sales price could exceed the $2 billion Steve Balmer paid for the Los Angeles Clippers in 2014, the Houston Chronicle reports.
It wouldn’t be the first time a celebrity made a small investment in a sports team. JAY-Z has a 1 percent stake in the NBA’s Brooklyn Nets; Usher acquired stakes in the Cleveland Cavaliers in 2005; and Venus and Serena Williams are investors in the NFL’s Miami Dolphins, as is Jennifer Lopez.
This wouldn’t be the worst time for Beyoncé to invest in the Rockets, especially after reports claim that Carmelo Anthony is looking to trade to the Houston team. According to sources close to the New York Post, “Anthony only wishes to waive his no-trade clause to go to the Rockets.” Both the Rockets and Beyoncé reps have declined to comment. Basketball and Beyoncé fanatics alike will just have to stay tuned to see if the singer and Carmelo end up rocking with the Rockets.