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Rockets CEO: Alexander's efforts to buy Dynamo make sense for both organizations

Tad Brown, chief executive officer of the Rockets and Clutch City Sports and Entertainment, told FOX 26 Sports on Tuesday, that Rockets owner Leslie Alexander's efforts to buy the Houston Dynamo franchise, as well as gain control of BBVA Compass Stadium, "made sense" for both organizations.

Major League Soccer has asked the Dynamo's principal owner, Anschutz Entertainment Group, to sell its 50 per cent stake in the team because AEG also owns the Los Angeles Galaxy.

"When we first started having conversations that if they were looking for somebody we had interest because of the relationships the two organizations have," Brown said. "I think there is a mutual respect that AEG and Leslie and our organization have for one another and I think as we got into some of the early conversations a lot of things made sense and where we end up? We're hopeful we all end up in the same spot and we'll see where we go."

As FOX 26 Sports first reported last month, Alexander is in the process of buying out AEG and its two partners in the Dynamo ownership group, former boxing great Oscar de la Hoya and Los Angeles businessman Gabriel Brener.

The sale of the Dynamo franchise to Alexander would also include the Rockets owner taking control of BBVA Compass Stadium.

"There is an interest and we have great respect for the Dynamo," Brown said. "We have great respect for the future of soccer in this country, or just as important we have great belief in what the city is going to be providing in the future relative to what BBVA Compass Stadium means, what the Dynamo mean and possibly combining with the Rockets and Toyota Center and Mr. Alexander's investment in the regional sports network."

The Houston Rockets and the Houston Astros are in a partnership with Comcast that has formed Comcast SportsNet Houston.

"So when you start looking at a lot of those things, we believe in the City of Houston," Brown said. "We believe in what a potential entity could be going forward, and we'll see if we are able to get there, but we're excited about what the future holds."

Brown said the two sides do not have a timeline as far as when Alexander and AEG could consumate a deal.

"All very positive, very positive discussions," Brown said. "I would say we're still in the process of working the (due) diligence as far as getting to know each other and seeing if there's going to be an opportunity to move forward together.

"There's no real timeline. We're working as quickly as we can. The last thing we want is for (Dynamo coach) Coach (Dominic) Kinnear and everybody at the Dynamo, or really our staff now that our camp is coming up very soon, to have anything hanging over their head.

"We're working quickly."