Sale of Houston Astros complete
Tuesday, November 22, 2011
HOUSTON (AP) -- The sale of the Houston Astros to Jim Crane from Drayton McLane has been completed.
Baseball owners unanimously approved the long-delayed sale of the team last Thursday, a transaction that requires the franchise to move from the NL Central to the AL West in 2013.
Crane, the fifth owner in the history of the franchise, also announced Tuesday that George Postolos will be the team's president and chief executive officer. Postolos is a former president and CEO of the Houston Rockets and has worked as a special assistant to NBA commissioner David Stern.
Crane says he is excited that the sale is complete and that he'll get to work on "bringing a winner back to Houston."
The Astros went 56-106 last season for the worst record in club history.