According to Scott Soshnick of Bloomberg, the 35-year-old Houston native is considering buying a partial stake of the recently-for-sale Houston Rockets. From Soshnick: Pop superstar Beyonce, a Houston native, is mulling an investment in the National Basketball Association’s Rockets, according to people familiar with the matter. …
It’s common for celebrities to make small investments in sports teams. Beyonce’s husband, Jay-Z, for instance, was born in Brooklyn and once held a less than 1 percent stake in basketball’s Nets.
He sold his share of the team after starting Roc Nation, which represents athletes. … The Rockets declined to comment. Beyonce’s publicist, Yvette Noel-Schure, didn’t immediately respond to an email seeking comment. The entertainer’s representatives at Sony Music Entertainment declined to comment. A spokeswoman for her husband, Jay-Z, also didn’t immediately respond.
Rockets owner Leslie Alexander announced he was putting the team up for sale in July, and according to Soshnick the price could exceed the record $2 billion Steve Ballmer paid for the Los Angeles Clippers in 2014. Alexander bought the Rockets for $85 million in 1993.