Franchises

ROCKETS' ALEXANDER GAINS FULL OWNERSHIP OF TEAM IN PURCHASE

4.29.1996

     Rockets Owner Les Alexander assumed full ownership of the
team by buying out minority partner Gary Bradley, according to
the HOUSTON CHRONICLE.  Rockets attorney Michael Goldberg
confirmed Bradley sold his share of the team, reportedly around
5.7%.  The "transaction comes just less than three years after
the two battled in court over Bradley's attempt to block the
sale" to Alexander of 86.3% of the club by then-Owner Charlie
Thomas.  Bradley had been a limited partner for 12 years.  No
purchase price for Bradley's share was disclosed (HOUSTON
CHRONICLE, 4/27).

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