In a monumental development that has electrified the basketball world, Houston Rockets owner Tilman Joseph Fertitta and his family have officially announced that franchise icon Hakeem Olajuwon will return to the organization in 2025—not as a player or advisor, but as co-owner.

The announcement, made during a press conference at the Toyota Center, marks a historic homecoming for one of the NBA’s most dominant and respected figures. Olajuwon, who led the Rockets to back-to-back championships in 1994 and 1995, is widely regarded as the greatest player in franchise history. Known for his unmatched footwork, graceful agility, and the iconic “Dream Shake,” Olajuwon revolutionized the center position during his Hall of Fame career.

“This is more than business—this is family,” said Fertitta. “Hakeem helped define what it means to be a Houston Rocket. Welcoming him back as a co-owner is a full-circle moment for the team, the city, and the fans.”

While best known as a basketball superstar, Olajuwon has remained a prominent figure in Houston through various philanthropic and business endeavors. His return in an ownership capacity signals a renewed focus on legacy, leadership, and community connection within the organization.

“This is a dream come true,” said Olajuwon. “Houston is my home. The Rockets are my family. I’m excited to help guide the next generation both on and off the court.”

The move is expected to invigorate the Rockets franchise, which has been in a rebuilding phase in recent years. With Olajuwon now part of the ownership team, fans and analysts alike are optimistic about a new era of championship aspirations and cultural renewal.