HOUSTON, TX – The Houston Rockets have announced a monumental return, welcoming legendary center Hakeem Olajuwon as a co-owner of the franchise. The announcement, made by owner Tilman Fertitta and his family at a press conference at Toyota Center, marks a full-circle moment for Olajuwon, who led the Rockets to back-to-back NBA championships in 1994 and 1995 and is widely regarded as the greatest player in team history. His new role as co-owner underscores his enduring legacy and deep connection to Houston.
Olajuwon, nicknamed “The Dream” for his graceful play, revolutionized the center position with his iconic “Dream Shake” and tenacious defense. Drafted first overall by the Rockets in 1984, ahead of Michael Jordan, he played 17 seasons in Houston, earning 12 All-Star selections, the 1994 NBA MVP, two Defensive Player of the Year awards, and two Finals MVP honors. His No. 34 jersey is retired, and a bronze monument stands outside Toyota Center. Olajuwon’s return as co-owner follows his induction into the Naismith Basketball Hall of Fame in 2008 and the FIBA Hall of Fame in 2016.
“Hakeem is the heart and soul of this franchise,” Fertitta said. “His leadership brought us our only championships, and his presence in our community has been profound. Having him back as a co-owner is a dream come true for the Rockets and our fans.” Fertitta emphasized that Olajuwon’s role will involve strategic input and community engagement, leveraging his basketball acumen and global influence.
Born in Lagos, Nigeria, Olajuwon arrived at the University of Houston at 17, joining Clyde Drexler to form the “Phi Slama Jama” squad that reached three NCAA Final Fours. His NBA career saw him amass 26,946 points, 13,748 rebounds, and an NBA-record 3,830 blocks, making him the only player with over 3,000 blocks and 2,000 steals. His 1994 season, where he won MVP, Defensive Player of the Year, and Finals MVP, remains unmatched in league history.
“This city and team mean everything to me,” Olajuwon said. “I’m honored to return as a co-owner and contribute to the Rockets’ future. Houston embraced me, and I want to help build on our legacy of excellence.” Olajuwon, who still resides in Houston and has mentored players like LeBron James and Alperen Şengün, expressed excitement about shaping the team’s vision alongside Fertitta.
The announcement has electrified fans, with X posts buzzing: “Hakeem as co-owner? The Dream is back!” The move comes as the Rockets, currently 15-10 and fourth in the Western Conference, aim to build on their young core, including Jalen Green and Şengün, under coach Ime Udoka. Olajuwon’s involvement is expected to boost team morale and attract talent, given his stature as a global basketball ambassador.
Olajuwon’s co-ownership includes a minority stake, with details undisclosed, but sources indicate his role will extend beyond ceremonial duties. He will advise on basketball operations, player development, and international outreach, leveraging his fluency in Arabic, Yoruba, and French. His real estate ventures and philanthropy, including youth basketball camps, align with the Rockets’ community initiatives, such as the Clutch City Foundation.
“Hakeem’s insight is invaluable,” said general manager Rafael Stone. “His experience as a champion and his understanding of the game will elevate our pursuit of another title.” Players echoed this sentiment, with Şengün noting, “Having Hakeem with us is inspiring. He’s a legend who knows what it takes to win.”
The Rockets’ championship banners from 1994 and 1995, driven by Olajuwon’s dominance over foes like Patrick Ewing and Shaquille O’Neal, remain the pinnacle of franchise history. His return coincides with the team’s 2024-25 “City” uniform, honoring the 30th anniversary of those titles with an “H-Town” design inspired by Olajuwon’s era.
As Houston prepares for a homestand against the Dallas Mavericks, Olajuwon’s presence promises to galvanize the city. His journey from a Nigerian soccer player to an NBA icon embodies the American Dream, and his co-ownership marks a new chapter in his storied relationship with the Rockets. With “The Dream” back, Houston is poised to chase championship glory once more.
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