Friday, October 20, 2017

Beyonce Interested in Purchasing Share in Houston Rockets


Holder of a degree in marketing from Baruch College, John "Jellybean" Benitez is an accomplished music producer who serves as executive producer and mix show DJ for Sirius XM's Studio 54 Radio. In addition to his endeavors in radio, Jellybean Benitez has worked with prominent musicians such as Beyonce.

A 22-time Grammy Award winner, Beyonce is one of the biggest stars in the music industry and is apparently considering pursuing a major business interest. According to a Bloomberg News report, the Single Ladies singer is interested in purchasing a share of the Houston Rockets National Basketball Association (NBA) franchise. The team's current majority owner, Leslie Alexander, announced in July that he would be selling his share in the team which, according to Forbes, is worth $1.65 billion. He purchased his stake in the team for $85 million back in 1993.

Beyonce was born in Houston and, according to her mother, Tina, it would be a perfect fit. Should Beyonce purchase Alexander's interest in the team, she would join a growing list of musicians who own shares of valuable sports franchises. Justin Timberlake owns a stake in the Memphis Grizzlies, while Usher is a part owner of the Cleveland Cavaliers. Her husband, Jay-Z, was a minority owner of the NBA's Brooklyn Nets from 2004 to 2013.