Dan Friedkin is interested in purchasing the Houston Rockets.
Friedkin's wealth primarily comes from owning Gulf States Toyota Distributors. Toyota already has the naming rights to the Rockets' arena.
“Over the years we have enjoyed a close partnership with the Rockets and Les(lie Alexander) through Toyota’s naming rights of the arena,” Friedkin told Fox 26 through a statement. “As a Rockets fan and Houstonian it would be exciting and a privilege to build on the storied legacy of NBA basketball in this city.”
Friedkin is worth approximately $8.4 billion.
Friedkin becomes the second billionaire to enter the race, after Houston native Tilman Fertitta announced his interest.
In July, Les Alexander announced he intended to sell the Rockets.