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<p>HOUSTON &#8212; Houston Rockets owner Leslie Alexander is selling the team.</p><p>Rockets CEO Tad Brown made the announcement Monday, hours after Alexander made the decision.</p><p>&#8220;It&#8217;s been my great joy and honor to own the Houston Rockets for the past 24 years,&#8221; Alexander said in a statement. &#8220;I&#8217;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.&#8221;</p><p>Alexander took over as owner on July 30, 1993, and the Rockets went on to win back-to-back titles in 1994-95. In 24 seasons under Alexander, the Rockets have won 56.9 percent of their games, fifth-highest in the league.</p><p>Brown said the 74-year-old Alexander had been approached over the years by potential buyers, but never considered it until very recently.</p><p>&#8220;I think it&#8217;s been something he&#8217;s been thinking about a little bit,&#8221; Brown said. &#8220;It can wear on you after so many decades and he&#8217;s tired. There are passions in his life now that are becoming more and more clear. His family, certainly, and his philanthropic efforts, what he&#8217;ll be able to do with his additional time and his resources on a global scale is something that he&#8217;s very much looking forward to.&#8221;</p><p>Brown will be working with the league office while they look for a new owner. There is no set timetable for the sale, but Brown said they want to find the right buyer and won&#8217;t rush the process.</p><p>Included in the sale will be Clutch City Sports and Entertainment, which puts on non-basketball shows and concerts at the Toyota Center.</p><p>&#8220;It&#8217;s a nice opportunity to have that rolled into one asset,&#8221; Brown said.</p><style>
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<div class="neCaption">Chris Paul, center, holds his new jersey as he is joined by Houston Rockets general manager Daryl Morey, left, and coach Mike D&#8217;Antoni, right, during a news conference. </div></div><div class="metaInfo"><photo0>https://www.timesleader.com/wp-content/uploads/2017/07/web1_HoustonRockets.jpg</photo0><caption0>Chris Paul, center, holds his new jersey as he is joined by Houston Rockets general manager Daryl Morey, left, and coach Mike D&#8217;Antoni, right, during a news conference. </caption0><photoCredit0>David J. Phillip | AP photo </photoCredit0></div></div>
<div class="metaInfo"><bylineMeta><p>By Kristie Rieken</p><p>AP Sports Writer</p></bylineMeta></div>

Houston Rockets owner Alexander is selling team