Houston Astros are Getting a New Owner

The Houston Astros are one step closer to having new ownership, as longtime owner Drayton McLane announces he's selling the team in a deal worth 680 million dollars. The sale comes as the Astros find themselves at the bottom of the standings — but as Gail Delaughter reports — the team's new owner promises better days ahead.

“It’s my pleasure to present to you, Jim Crane”… 

After owner the astros for nearly 19 years, Drayton McLane says one of the responsibilities of leadership is handing off an organization better than you found it, and he says he has full confidence in businessman Jim Crane.

“He has been a very, very successful businessman not only here in Houston, throughout the United States, but around the world.  He’s shown that skill and ability, and he’s going to bring the passion, the financial ability, and the skill to continue to move the Houston Astros forward.”

Crane currently operated Crane Worldwide Logistics, an international shipping company.  He’s also a former college baseball player. Crane has tried to buy the team before, but he says now is the time to make it happen.

“Well, I think Drayton was ready to sell the team, I think he’s made that public, and we’ve certainly always had the interest in buying the team. They’re not easy deals to construction and put together but, you know I think it’s a very good deal for Drayton and it’s a good deal for us, and we’re very excited about it.”

Crane is promising to put fans first, creating a fun ballpark experience at reasonable prices.  But with a string of losses this season and lots of empty seats, he acknowledges things have to change.

“I don’t think anybody in the room is happy where we’re at, the fans, the press, Drayton, me, everybody that works for the team.  So, you know, we want to work with what’s here.  We want to make good decisions.”

As for his decision-making process, Crane says he’ll  continue running his other business ventures while heading up the Astros.

“My kind of management style, with all the other businesses is to hire the very best people, hold them accountable, and let them run the business, and we’ll help them oversee that, make the big decisions. But we will hold them accountable , and day-to-day they will have the responsibility to run the business.”

Before the Astros’ sale becomes final, it has to be approved by Major League Baseball. That decision is expected in the next 30 to 60 days. 


Gail Delaughter

Gail Delaughter

Transportation Reporter

From early-morning interviews with commuters to walks through muddy construction sites, Gail covers all aspects of getting around Houston. That includes walking, driving, cycling, taking the bus, and occasionally flying. Before she became transportation reporter in 2011, Gail hosted weekend programs for Houston Public Media. She's also covered courts in...

More Information