Astros Sale To Be Announced At Monday Press Conference

The Houston Chronicle's Zachary Levine is reporting that the sale of the Houston Astros to business owner Jim Crane is complete, pending MLB approval. The official proceedings could run through the end of summer, but there have been no indications in the media about hang-ups or potential issues that could disrupt the process. 

The final price is said to be $680 million.

Soon to be former owner Drayton McLane says that finer points are of course being worked out by his lawyers and by Crane's representatives, but with a press conference being scheduled, it's clear that the broad strokes have been approved and it's just a matter of working out the details.

Drayton McLane Jr. purchased the Astros in 1993, and the team enjoyed some high times with Craig Biggio and Jeff Bagwell running the show and the locker room. However, the team has since fallen on hard times after a series of terrible baseball decisions, disastrous front office and player personnel moves, awful free agent signings, and an inexplicable gutting of the minor league system that is still years from being repaired.

Not much is known about Jim Crane, but Astros fans will no doubt welcome the change with open arms and hopeful excitement. 

Much more on this story as it develops all week.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Houston

You must be a member of SB Nation Houston to participate.

We have our own Community Guidelines at SB Nation Houston. You should read them.

Join SB Nation Houston

You must be a member of SB Nation Houston to participate.

We have our own Community Guidelines at SB Nation Houston. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.