Beyonce Misses Out on Chance to Buy Houston Rockets

Beyonce will not be adding "basketball team owner" to her impressive resume, at least not yet. The singer was rumored to be part of an investment group looking to buy the Houston Rockets, but the group lost out to billionaire restaurateur Tilman Fertitta, TMZ reports. Fertitta will reportedly buy the team from current owner Leslie Alexander for $2.2 billion (a record price for an NBA team, ESPN reports); Alexander originally bought the team for $85 million in 1993. Fertitta, who stars in the CNBC reality series Billion Dollar Buyer, is reportedly worth $3.1 billion. (More Beyonce stories.)