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Report: Astros "Officially" For Sale

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Marc Berman of My FOX Houston is reporting that Houston Astros owner Drayton McClane has retained an investment banking firm in New Jersey to help him complete the sale of the Houston Astros.

MLB sources told FOX 26 Allen & Co. will attempt to sell the Astros franchise for $800 million.

McLane has owned the Astros since 1992.

He has been the most successful owner in the history of the franchise and one of the most successful owners to ever grace the professional sports scene in Houston.

A key figure in Allen & Co. is Steve Greenberg, son of Hall of Famer Hank Greenberg.

In a May 25, 2010 article Fortune Magazine labels Greenberg “King of the Sports Deal.”

According to Fortune, among Greenberg’s many sports deals, he counseled Major League Baseball Commissioner Bud Selig and his family during their sale of the Milwaukee Brewers.

So it looks like that reign of terror is finally over. It will be interesting to see who wins the right to print money with the Astros franchise. Just speculating: perhaps Mark Cuban can save us all?

For more on the Astros, check out The Crawfish Boxes.

Additionally, check out David Coleman’s piece on Drayton’s legacy with the Astros here.

Images by eflon used in background images under a Creative Commons license. Thank you.