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Sale Of Houston Astros Now Complete

Associated Press
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(credit: Bob Levey/Getty Images)

(credit: Bob Levey/Getty Images)

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HOUSTON – 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.

© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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