LONDON - JUNE 03: Beyonce Knowles performs live at the Wembley Arena as part of her UK tour on June 3, 2007 in London, England. (Photo for Jo Hale/Getty Images)

Beyonce doesn’t have enough cash to buy the team.

Beyoncé loses Houston Rockets to Bubba Gump Shrimp owner

An original investor in NFL's Houston Texas, Tilman Fertitta makes winning bid on NBA franchise valued at $1.65 billion in February Houston native Beyoncé previously rumored to be interested in buying Rockets Former owner Les Alexander bought team for $85 million in 1993, recently donated $10 million for hurricane relief efforts in the Houston area Beyoncé will not be purchasing the NBA's Rockets after businessman and owner of the Bubba Gump Shrimp restaurant chain Tilman Fertitta submitted the winning bid, the team announced Tuesday.