Women's Hoops Blog

Inane commentary on a game that deserves far better

Thursday, January 25, 2007

The NBA Board of Governors will vote this week to approve the sale of the Houston Comets to furniture magnate Hilton Koch. The vote, and thus the deal, should be completed on Monday.

Like the Sparks deal, the nominal purchase price here is $10 million. Like the Sparks deal, some of the payments are contingent on future earnings. (Read: the actual value of the deal is something less than the reported purchase price.)

Koch owns Hilton Furniture. He is famous for his Katrina relief efforts. (Read: he is another do-gooder with money to burn, exactly the kind of owner the W needs.)

UPDATE: at the HRR, Kris reports that the team has scheduled a press conference for next Wednesday.