Report: Jim Crane’s purchase of the Astros is imminent - Baseball Forum - MLB Forum - Fantasy & College Baseball Forums
 
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post #1 of 1 (permalink) Old 05-10-2011, 01:11 PM Thread Starter
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Astros Report: Jim Crane’s purchase of the Astros is imminent

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Last week we learned that Jim Crane was the sole remaining bidder for the Houston Astros. This morning KTRK TV in Houston is reporting that the sale of the Houston Astros to Crane is all but a done deal. All that’s left according to KTRK: “the dotting of I’s and crossing of T’s.” Gosh, I hope they’re not dotting capital I’s like that, because that would be improper.

The reported sale price is $680 million. Drayton McLane purchased the team in late 1992 for $117 million in 1993. So, hey, not bad.

Given baseball’s recent history with turbulent transactions fraught with high drama and litigation, analysis of what appears to be a straightforward sale is, relatively speaking, like trying to expound upon a man tying his shoes and then walking on, so all I’ll say is “congratulations Drayton and Jim.”
Report: Jim Crane’s purchase of the Astros is imminent | HardballTalk


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