- Obama not worried about Ebola at upcoming African summit in D.C.
- Obama: ‘We tortured some folks’ after 9/11
- Obama administration asked whole D.C. Circuit to take on major Obamacare case
- Mark Levin: Topple GOP leadership or country will ‘unravel’
- Massachusetts to let police chief deny gun buys to those deemed unfit
- John Kerry condemns attack on Israeli soldiers, kidnapping
- U.S. starts to evacuate American Ebola patients from West Africa: Report
- Geraldo slammed as ‘dummy’ for backing Clinton’s bin Laden claim
- Israeli spokesman: No need to debate who broke the cease-fire
- 35 Palestinians killed; Israeli officer missing
McLane puts Astros up for sale
Question of the Day
The 74-year-old McLane said he’s retained the New York investment firm Allen and Company to help him unload the team he purchased in November 1992 for about $117 million.
McLane met with team employees on Friday before making a formal announcement at a news conference at Minute Maid Park. His wife, Elizabeth, and two adult sons, Drayton III and Denton, sat in the front row.
“It’s time to change and move forward,” McLane said. “It’s been a wonderful experience and a great ride.”
In August, an investment group led by former Astros pitcher Nolan Ryan purchased the Texas Rangers through an unusual bankruptcy auction for $593 million _ about $100 million more than its starting bid. Ryan’s group beat out a group of investors led by Houston businessman Jim Crane and Dallas Mavericks owner Mark Cuban.
Cuban said in an e-mail to The Associated Press that he had no interest in purchasing the Astros.
“The market will really determine what it is,” Greenberg said. “Baseball is in great shape, and the Astros are a great franchise. So, we’ll let the market determine the price. We’re not going to set any price. We’ll let people come to us and tell us what they think.”
While McLane and Greenberg answered questions, work crews installed a new scoreboard at Minute Maid Park, the Astros‘ home since the 2000 season. McLane is pouring $12 million into stadium renovations, one enticement for a potential buyer.
Another big selling point is the team’s new deal with the NBA’s Houston Rockets to create a regional sports network that will begin airing Rockets games in 2012 and Astros games in the 2013 season.
“The television deal puts it in the class with the Yankees, Mets, Red Sox and a handful of others who have their own cable television outlet,” Greenberg said. “It enhances the overall asset. It creates growth and stability on the television side, that otherwise would be dependent on some third-party to deliver for you.”
By Orrin G. Hatch
Procedural changes impede the chamber's traditional deliberative function
- House GOP resurrects border bill, predicts successful Friday vote
- Border agents cleared of civil rights complaints from illegal immigrant children
- Ben Carson takes major step toward presidential campaign
- U.N. condemns Israel, U.S. for not sharing Iron Dome with Hamas
- Obama military strategy too weak for future security, panel reports
- Porn-surfing feds blame boredom, lack of work for misbehavior
- Feds raid S.C. home to seize Land Rover in EPA emission-control crackdown
- CRUZ: A tale of two hospitals: One in Israel, one in Gaza
- Ted Nugent slams 'lying freaks' at liberal media: I'm 'doing God's work'
- ON THE RUN: Competition for Redskins backup running back is heating up
Top 10 U.S. military helicopters
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors