Who Owns the Houston Astros

In November 2010, Drayton McLane announced that the Astros were being put up for sale. McLane stated that because the Astros were one of the few franchises in Major League Baseball with only one family as the owners, he was planning his estate. McLane was 75 years old as of November 2011. In March 2011, local Houston businessman Jim Crane emerged as the front-runner to purchase the franchise. In the 1980s, Crane founded an air freight business which later merged with CEVA Logistics, and later founded Crane Capital Group. McLane and Crane had a previous handshake agreement for the franchise in 2008, but Crane abruptly changed his mind and broke off discussions. Crane also attempted to buy the Chicago Cubs in 2008 and the Texas Rangers during their 2010 bankruptcy auction. Crane came under scrutiny because of previous allegations of discriminatory hiring practices regarding women and minorities, among other issues. This delayed MLB's approval process. During the summer of 2011, a frustrated Crane hinted that the delays might threaten the deal. In October 2011, Crane met personally with MLB Commissioner Bud Selig, in a meeting that was described as "constructive".