Fertitta, the owner of NBA’s Houston Rockets who built his wealth as a restaurant tycoon, has reportedly submitted an offer slightly above $5.5 billion to purchase the Commanders — making him one of the few known candidates to be in the mix for the franchise.
In his 2019 book “Shut Up and Listen! Hard Business Truths That Will Help You Succeed,” Tilman Fertitta received an endorsement from Tom Brady. The NFL quarterback, in a blurb, insisted that, “You will want to reread and review Tilman’s timeless lessons for business owners over and over again.”
Of the team’s potential buyers, Fertitta has seemed to embrace the public limelight in a way that Josh Harris and Jeff Bezos have not. He makes regular media appearances, including just a few weeks ago when the Texas-based billionaire shouted “Pray for Victor!” at the conclusion of a local interview at a Mardi Gras celebration as a nod to can’t-miss French basketball prospect Victor Wembanyama.
“When I go into my businesses, I pay attention and look for what’s wrong,” Fertitta wrote for Fox Business in 2019 prior to the launch of his book. “I’ve trained myself to see little things that matter. It drives some of my colleagues crazy, but I take their complaints as compliments.With the Rockets, though, Fertitta has perhaps had to temper his expectations. His Rockets teams — he bought the franchise in 2017 for $2.
And Fertitta has drawn criticism for reportedly influencing the team’s decision to trade Chris Paul for Rusell Westbrook in 2019 — a move that arguably led to the unraveling of Houston’s status as a top team in the Western Conference. Though Harden reportedly wanted Westbrook as a teammate, ESPN’s Tim MacMahon remarked in 2020 how Fertitta viewed Paul’s contract as the “worst that he’d ever seen in business and sports.
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