August 30, 1990
Ray Patterson, Houston Rockets' president, is retiring to concentrate on a joint venture with Charlie Thomas, Rockets' owner, to bring a hockey team to the city. The Rockets did not name a replacement.
September 4, 1990 |
E. C. (Ed) Schmidt II, the Houston Rockets' vice president for finance, was named the fourth president in the NBA franchise's history, the team announced today. Schmidt succeeds Ray Patterson, who announced last week that he was retiring to concentrate on a joint venture with Rockets owner Charlie Thomas to bring a hockey team to Houston. Patterson's retirement was effective Saturday.
May 1, 1993 |
Houston Rocket owner Charlie Thomas announced Friday he had signed a contract to sell the NBA team to a Florida businessman for an undisclosed amount. The deal, reported to be worth about $80 million, will not be completed until after the Rockets are finished in the playoffs, the team said in a news release. Les Alexander, of Boca Raton, Fla., and Dallas businessman Bill Esping had reportedly made an offer for the franchise and paid the required $100,000 non-refundable deposit.