May 11, 2011, 1:03 PM EST
UPDATE: Zachary Levine reports that the sale of the Astros could be completed by next week. If so, ownership of the Astros could be transferred as early as July.
Tuesday: 5:07 PM: Drayton McLane has commented on this morning’s report that he and Jim Crane have all but completed a deal to sell the Astros:
“I haven’t signed anything, Jim Crane and his group hasn’t signed anything and Major League Baseball hasn’t signed anything. We’re still negotiating, so there’s nothing to report.”
I guess I’d just note that saying “I haven’t signed anything” is not exactly a refutation of a report that you’re on the verge of signing anything. In fact, they’re wholly consistent. But hey, they’ll tell us when they have a deal done.
Tuesday: 10:30 AM: 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.”
- Tony Blengino says recent report on Seattle front office is “just the tip of the iceberg” 22
- Rakuten Golden Eagles appear likely to allow Masahiro Tanaka’s departure to MLB 44
- 2013 Winter Meetings Preview 21
- Matt Kemp remains “in play” for the Red Sox 56
- Robinson Cano “didn’t want to play” for Joe Girardi 106
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (111)