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.
- Zack Wheeler goes six scoreless innings in MLB debut 4
- The San Jose lawsuit against Major League Baseball should be thrown out of court 36
- San Jose sues Major League Baseball, challenging its monopoly power 26
- Original Biogenesis source: “the people running Major League Baseball are the biggest scumbags on Earth” 41
- Brian Cashman calls out Yankees hitting coach Kevin Long 52
- MLB hands down the suspensions for Tuesday night’s Dodgers-Diamondbacks melee (111)
- Neil deGrasse Tyson explains why beanball wars are stupid (104)
- Democrats beat the Republicans 22-0 in the Congressional Baseball Game (98)
- And That Happened: Wednesday’s scores and highlights (97)
- And That Happened: Thursday’s scores and highlights (88)
- Heat force Game 7
- PST: On-fire Altidore lifts USA over Honduras in WCQ
- CSN: Patriots' Hernandez questioned in murder investigation
- CSN: Bruins' defense never rests in Game 3 win
- CSN: Celtics-Clippers KG, Rivers trade talks dead
- Lolo Jones' attempt at humor backfires
- PFT: Freed Johnson wants second chance in NFL