❌ Texas billionaire lays off 70 after buying NBA team

Plus: Tom Brady wins big with Houston tycoon buying stake in Raiders  ͏  ͏  ͏

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Leadoff

A Texas billionaire bought an NBA team for billions, then cut 70 jobs

The business overhaul by the SMU alum is sending shockwaves through basketball circles.

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Houston billionaire buys stake in Raiders as Tom Brady’s investment explodes

One of the richest businessmen in Texas is entering NFL ownership, while football's biggest winner wins again.

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The Rundown

Houston-area suburb lands massive $9.5 million indoor sports complex The sprawling sportsplex project is expected to begin construction this summer and open in 2027. Read More   Woodlands HS wrestling coach steps down amid explosive allegations He is now under investigation by Cy-Fair police. Read More

23-year-old Houston MMA fighter charged with child sexual assault The 23-year-old prospect and former Kingwood football player has a 7-1 professional record. Read More   Houston's soccer culture runs deeper than FIFA, World Cup Houston organizers say the World Cup is amplifying a soccer culture that already existed in the city.  Read More

Former mayor suggests putting 'world's biggest casino' in Astrodome Should Houston "double down" on the Eighth Wonder of the World?  Read More   How much will international travelers pay for Houston World Cup? Get ready to pay a pretty penny to watch games in the Lone Star State. Read More

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Alert: Texas billionaire lays off 70 from NBA team

The latest from Chron.  ͏  ͏  ͏

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Alert: Texas billionaire lays off 70 from NBA team

 

The cuts include a Comets legend.

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Top Stories

A former Dallas retail giant is making way for what's next

Houston attorney admits to false testimony in heated courtroom appearance

Horoscope for Wednesday, 05/20/26 by Mecca Woods

 

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© 2026 Hearst Newspapers, LLC