Nov 19, 2010, 6:51 AM EDT
Mark Cuban and Jim Crane, please call your office . . .
Astros owner Drayton McLane has retained the services of the investment bank Allen & Company to assist in the sale of the team, according to two people with knowledge of the arrangement.
McLane, who could not be reached for comment Thursday night, has owned the Astros since 1992. Having entertained on and off for at least a couple of years the idea of selling, he has ramped up efforts recently.
McLane has toyed with selling the Astros in the past, but you don’t hire an investment bank if you’re toying. He really wants to sell this time. Maury has more details over at the Biz of Baseball. The upshot, though: McLane wants around $800 million. Any purchase of the team would include a stake in the newly created regional sports network CSN Houston. Bonus: no one is bankrupt this time, so any sale would likely take less than nine months and multiple rounds of litigation.
Which means this won’t be much fun at all, sadly.
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- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff 128
- And That Happened: Wednesday’s scores and highlights 74
- The Marlins are going to change everything except their biggest problem this offseason 53
- Drooling over Miguel Sano’s incredible numbers through 50 career games 35
- Matt Williams puts up another strong performance in his quest to get himself fired 105
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (266)
- David Ortiz is more likely to be boned in Hall of Fame voting for being a DH than for PED stuff (130)
- ESPN pulls Curt Schilling off broadcasts for rest of regular season and Wild Card game (114)
- Matt Williams puts up another strong performance in his quest to get himself fired (105)
- David Ortiz tweets his happiness about the Deflategate decision (100)