Barring an unforeseen hitch, MLBâ€™s owners will be discussing and putting to vote the sale of the Houston Astros to Jim Crane as part of the upcoming quarterly MLB owners meetings set for August 17-18, according to league sources.
The sale has been held up as the league has addressed the bankruptcy of the Los Angeles Dodgers and looked further into Craneâ€™s background (see Why Jim Crane Could Become Baseballâ€™s Most Controversial Owner) and the financial structure of the $680 million deal which will put Crane in violation of MLBâ€™s debt service rule.
The sale transfer must be approved by 75 percent of the leagueâ€™s thirty owners. Rarely do votes take place unless Commissioner Selig is aware of their positive outcome.
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