McLane almost sold the Astros after the 2008 season
This is a pretty big news story for the Chronicle. J.J. Ortiz writes that Drayton McLane admits that he had a handshake deal to sell the Astros to businessman Jim Crane last year. However, the deal fell through as the economy hit the rocks. Interestingly, we had read rumors that the Astros were for sale, but McLane continually denied the rumors...and it really seemed like just rumors. Ortiz's article highlights the fact that McLane now admits something he once said was false.
Richard Justice also gets in on the action, talking about the telephone call from Drayton McLane admitting that the sale had almost occurred. One wonders which reporter got this scoop, and how it got parceled out, since Ortiz has the copywrighted news article on the subject. Justice says he "almost passed out" when Drayton told him that he had a deal to sell the Astros. Drayton had a nice line for Justice:
''I've never sought a buyer,'' he said, ''but I listen. Wouldn't you listen if the New York Times called?''
Justice's article reminisces on McLane's tenure as owner almost as if McLane is already gone. Apparently he justifies that tact by saying that, if McLane was willing to sell the club then, he will be willing to do so in the future. I'm not so sure about that. Justice also claims that some of the team executives quickly signed contracts to protect themselves in the event that a new owner wanted to bring in new employees.
From the fan's perspective, this leads you to ask "what would have been?" last off-season if the team had been sold. Maybe Randy Wolf gets signed instead of Hampton. Justice wonders if McLane's ordered budget cut is an effort to strip the team's expenses to make it more attractive to buyers. Note, however, that McLane was only selling 51% of the team; he apparently would have remained as part owner. And, in the last two years, I have wondered if Astros' fans would be better off if McLane had a new partner who might bring additional money to the table. The frustrating thing about the McLane ordered budget cuts is that the 2009 budget only needed $10 - $15 million to be much more competitive--and interesting.
Oh, and in a related news, the Greenberg group (which includes Nolan Ryan) was selected over the Gilbert-Crane group to negotiate for purchase of the Rangers. And, yes, that's the same Crane who wanted to buy the Astros.
Any thoughts?
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16 comments
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Comments
severely less drayton?
a man can dream
by robolundgren on Dec 15, 2009 10:08 PM CST reply actions 0 recs
You have to wonder whether this was just a ploy by Drayton to help out Crane in his bid for the Rangers. Apparently, his finances were better than the others, but not by enough to overcome him backing out of buying the team back in the early ’90s.
I have stopped giving Drayton any credit for being honest. Everything he does in the media has an angle. I’m sure even if he wasn’t the majority owner anymore, he’d still be the public face.
by David Coleman on Dec 15, 2009 10:56 PM CST reply actions 0 recs
I’m not sure McLane’s interview helps out Crane’s bid for the Rangers. One of the articles imply that backing out of the handshake deal hurt his chances of approval by MLB. Who knows what McLane motivation might be.
Recall that the previous rumor that the Astros are “for sale,” arose earlier during the bidding process for the Rangers when a person associated with one of the bidding groups said that both the Astros and D-Backs were available for sale if they lost out on the Rangers. Maybe Drayton wants certain investors to turn their attention to the Astros.
by clack on Dec 16, 2009 7:45 AM CST up reply actions 0 recs
Before we go giving JdJO (Justice co-wrote it, so maybe we should just say the Chron) awards for journalistic excellence, I feel I should point out that Rangers beat writer T.R. Sullivan is the one who got the scoop on the failed handshake deal to buy the Astros.
It goes to show the state of baseball journalism in this town when you have to hear about a potential buyer for your team from the beat writer for your “in-state rival”…and he includes it as background information for his story.
by AstroAndy on Dec 15, 2009 11:14 PM CST reply actions 0 recs
I thought it was interesting that Justice’s column implies that he got the phone call and interview with McLane which confirmed that he had the handshake deal to sell the team, but JJO gets the sole by-line on the news article. That just struck me as a bit odd. Justice gets a column and JJO gets an article out of this one phone call?
When I wrote the article, above, I ran across the Sullivan article when I googled “Jim Crane.” It was hard to say, for certain, who got the “scoop,” since Sullivan’s article is dated the same day (though earlier in the day). My impression is that the purported “scoop” for the chronicle is that McLane confirmed an event which he earlier denied. I wouldn’t be surprised if the source for Sullivan’s article is Crane or someone with that bidding group.
by clack on Dec 16, 2009 7:39 AM CST up reply actions 0 recs
I want to cry
Why can’t McClane just sell the team? That would be absolutely amazing. I’d be fine if he’s still a part owner as long as he doesn’t get a great say in the baseball operations or the other owner just tells him to shut his mouth. That’d be nice. It’s Christmas time let me dream.
by Astrosws20 on Dec 15, 2009 11:52 PM CST reply actions 0 recs
My only fear
And I know odds are it won’t happen. But whenever I see that the team is up for sale, I am afraid that they will move.
by Silentjay on Dec 16, 2009 12:50 AM CST reply actions 0 recs
I find that extremely unlikely since Houston is such a large market and MMP has the ballpark situation taken care of quite nicely.
The motive for moving a team is to increase revenues, and I don’t think changing locations would help with that. The Houston metro area is the sixth largest in the U.S. and all of the metro areas in the top 20 already have an MLB team, except for Inland Empire in CA, which is right out as a candidate for a number of fairly obvious reasons.
The closest real candidates would be about a third of our size and would result in taking the Astros from being a mid-large market team down to a small market team. That would result in a massive loss in revenue, so it won’t happen.
I don’t see that changing anytime soon, and I’d go so far as to say I expect the Astros to remain in Houston for the rest of my life, whoever winds up owning them over the next decades.
by OremLK on Dec 16, 2009 1:40 AM CST up reply actions 0 recs
Oh I agree. But that is the first thing that comes into my mind anytime I see a team up for sale.
by Silentjay on Dec 16, 2009 2:43 AM CST up reply actions 0 recs
LA has an AL and an NL team
Seventy five percent of all rumors of pro teams moving are to LA. Anaheim is a suburb of LA, right?
by ol Pete on Dec 16, 2009 8:33 AM CST up reply actions 0 recs
From Baseball Prospectus:
Meanwhile, Crane is now expected to make another bid to buy his hometown Astros after nearly striking a deal to purchase a 51 percent stake in the club from Drayton McLane two years ago.
The Crawfish Boxes, Astros blogging at its finest.
by Evan Hochschild on Dec 16, 2009 2:39 PM CST reply actions 0 recs
Does he have a lot of money he's willing to throw away?
by entropic soul on Dec 16, 2009 2:58 PM CST up reply actions 0 recs
hahah
actually, the astros would be one of the better teams to buy in mlb: strong local economy, profitable franchise, fan base that has showed that it will come out and spend $ when the team is good.
The Crawfish Boxes, Astros blogging at its finest.
by Evan Hochschild on Dec 16, 2009 4:00 PM CST up reply actions 0 recs
I wonder if Crane would put together a group with Gilbert, like he did for the Rangers? Gilbert is former sports agent, who wanted to take control of the Rangers’ baseball operations (that’s why Ryan said he would quit if the group won the bid). I don’t know enough about them to guess whether we would see improvement in the direction of the team.
by clack on Dec 16, 2009 4:42 PM CST up reply actions 0 recs
Let's all pool our money together and buy the team.
We’ll know what to do with it.
by entropic soul on Dec 16, 2009 5:39 PM CST up reply actions 0 recs
I'll set up a PayPal account and take your donations...
The Crawfishboxes
A good friend of mine used to say, "This is a very simple game. You throw the ball, you catch the ball, you hit the ball. Sometimes you win, sometimes you lose, sometimes it rains." Think about that for a while.
by Stephen Higdon on Dec 17, 2009 1:34 AM CST up reply actions 0 recs





















