BREAKING NEWS: Houston Rockets Legend Clyde Drexler Returns as Co-Owner In a monumental announcement, Houston Rockets owner Tilman Joseph Fertitta family has officially declared that Clyde Drexler the legendary shooting guard and long-time face of the franchise, will return to the organization in 2025 as a co-owner..…
BREAKING NEWS: Houston Rockets Legend Clyde Drexler Returns as Co-Owner
In a monumental announcement that has electrified the basketball world and brought waves of excitement across the city of Houston, the Fertitta family has officially welcomed back Clyde “The Glide” Drexler to the Houston Rockets — this time not as a player, but as a co-owner.
The news was unveiled earlier today during a press conference held at the Toyota Center, where Rockets owner Tilman Joseph Fertitta stood alongside Drexler and key members of the franchise’s leadership. With visible emotion and pride, Fertitta announced that Drexler, a Hall of Famer and long-revered icon in the NBA, will be taking an ownership stake in the team beginning with the 2025 season.
“This is more than just a business decision — this is a homecoming,” Fertitta said. “Clyde Drexler isn’t just a Rockets legend; he’s a symbol of Houston’s resilience, excellence, and passion. We’re thrilled to welcome him back in this new role.”
Drexler, 63, is best known for helping lead the Rockets to their second consecutive NBA championship in 1995, joining forces with Hakeem Olajuwon in what became one of the most iconic duos in franchise history. Born and raised in Houston, Drexler’s return as co-owner completes a full-circle journey that began decades ago when he starred at Sterling High School and the University of Houston before launching a legendary professional career.
Speaking at the podium, Drexler reflected on what this opportunity means to him: “This team, this city, they’ve always been a part of me. To now have a voice and a stake in shaping the future of the Rockets — it’s truly a dream come true. I’ve always believed in the heart of this city, and I’m ready to give back to the franchise and the fans who gave me everything.”
While specific details about Drexler’s ownership share were not disclosed, sources close to the organization indicated that his involvement will extend beyond symbolic presence. Drexler is expected to take an active role in strategic planning, community outreach, player mentorship, and the overall culture of the team.
Fans, alumni, and current players quickly took to social media to share their excitement. Rockets forward Jabari Smith Jr. tweeted, “Let’s goooo!!! Learning from a legend like Clyde is gonna be unreal!” Meanwhile, the NBA community has also expressed admiration for the move, recognizing it as part of a broader trend of former players stepping into influential front-office and ownership roles.
Drexler’s return arrives at a pivotal time for the Rockets, who are entering a new era with a promising young core, an ambitious front office, and a fan base eager for a return to championship contention. With Clyde’s involvement, the organization is signaling its commitment to honoring its storied past while building toward a dynamic future.
For Rockets fans, this is more than just news — it’s history in the making. And for Clyde Drexler, it’s a new
