Rockets Owner Willing To Buy Struggling Sports Network

Law360, Houston (November 21, 2013, 2:27 PM EST) -- The Houston Astros told a Texas bankruptcy judge Thursday that the ball club was making some progress toward restructuring Houston Regional Sports Network LP, and Houston Rockets owner Leslie Alexander said he was prepared to step in and buy the troubled Comcast affiliated network if necessary.

The remarks came during a status conference before U.S. Bankruptcy Judge Marvin Isgur, who is presiding over an involuntary Chapter 11 case Comcast filed against HRSN over the network’s inability to secure third-party carriage agreements. The Astros, who were given...
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