Tilman Fertitta Won't Consider Selling Minority Stake Of Rockets

The companies owned by Tilman Fertitta have furloughed approximately 70 percent of their employees in response to the COVID-19 outbreak.

Fertitta is the sole owner of the Houston Rockets and he will not consider selling off a percentage of the franchise to "minority partners as a matter of pride," reports ESPN's Tim MacMahon.

Bloomberg reports Fertitta has been speaking with banks about raising as much as $200 million of additional liquidity "as a little bit of insurance."

Fertitta said restaurants and casinos could be allowed to operate at 30 percent to 40 percent of capacity.

“We are doing basically no business,” Fertitta said. “I want to hire every employee back. This is very hard on a lot of working families but we have to survive or there is no company.”