paroxetine online usa no prescription canadian health care mall virus generic drug prices canada vs us imiquimod cream 5 buy buy calcium carbonate powder uk is it is itlegal to buy prescription drugs from india are ed drugs covered by insurance accutane name in mexico where to get propecia in uk over the counter prevacid vs prescription prevacid walmart pharmacy hours in canada viagara falls band nj problemas diabetes y disfuncion erectil benadryl online australia coreg tablets from buy azithromycin 250 mg pak tab sandoz intralesional triamcinolone alopecia areata can order pulmicort canada where to buy renagel online canada paroxetine by mail periactin drug in usa pharmacy fucidin h cream acne reviews what is wellbutrin sr 100mg mirapex sale what is crestor 20mg purchase ethionamide cheap periactin sale uk is renagel legal in uk can you get high off paroxetine hcl differin gel 0.1 buy all types coumadin pills american phenergan nexium 40 mg tablet price what is a pill called mobic prednisone prices at costco cleocin medication where to buy world football stats what are the side effects of zyprexa altace coupons augmentin 100mg cheep buy abana with pharmacy safe reglan buy cymbalta approved in uk trazodone cost walmart bentyl lawsuit purchasing lisinopril online prazosin 1 mg tablet what does hoodia do alli over counter diet pill lamisil tablets for jock itch best place to buy acticin in canada artane credit union opening times z pack antibiotics during pregnancy where do i bactrim in usa arimidex lawsuit there generic advair diskus tesco pharmacy slough opening times what is clomid drugs used for hoodia legal in england cialis soft where can i buy erexor for men in usa seroquel tablets can you buy promethazine over the counter in the uk meclizine over the counter walmart chloroquine where to get best place to buy nizoral in mexico frumil tablets dosage brand levitra over the couter buy actos online without a prescription l-tryptophan generic reviews med cab atarax blopress generic cheap costs gyne-lotrimin online uk get anabuse topamax over the counter india legal sell kamagra online buy viagra paypal account how to buy fml forte in london what type of infections does cipro treat is it legal to bring viagra into the uk buy antabuse online amazon amoxicillin trihydrate 500mg uses walmart generic prices prescriptions prograf online uk buy generic levitra plus online motrin in the uk now glucophage medicine children tricor 48 mg price claritin d price walmart erectile dysfunction drugs with the least side effects cialis 40 mg safe common side effects of lisinopril hydrochlorothiazide order finpecia without prescription buy keflex 200 didronel delivery uk acheter cytotec avortement best site get atarax what is clonidine hcl .1 mg used for what are the side effects of norvasc how to get premarin in australia where can i buy cardizem mg forzest brand positioning buy amoxil online no prescription generic inderal next day shipping information on zyprexa medication where is alligator alley restaurant xenical back order fluconazole for thrush dose levitra medicine order coreg online uk global stats counter elavil dosage cats cytotec comprar femara letrozole buy no prescription cialis side effects cialis vs viagra online medicine store in chennai vardenafil review revia order by phone cheap cost antibiotics online without www indiatvnews com aap ki adalat long term effects of accutane on women viagra canadian online raclet allegra for sale aspirin with no rx content marketing uk propecia side effects cure allies web canadian forces links voltaren retard 75mg tablets periactin shoppers drug mart zyban pharmacy how to take provera 5mg artane medication yasmin online purchase bupropion tablets 100 desyrel sublingual dosage what is nolvadex for men female cialis 100mg cheap is generic viagra soft effective my zenegra coupons buy levitra online overnight nice 1000 games play handless millionaire can order dulcolax canada topamax prices pharmacy buying aricept retin-a 0,025 non perscription countries sominex sold over counter mircette 40mg can you take flovent daily aygestin perth australia buyers of actoplus met canada is patanase better than astelin cost of paxil at walmart buy tetracycline mexican pharmacies tretinoin cream 0.025 uk order ortho tri cyclen cheap buy evecare new zealand online what quantity of aspirin is contained in most over the counter apirin products etodolac mrp generic lipitor ranbaxy amoxil overnight delivery non persciption propranolol buy tamoxifen canada estrogen prescription robaxin-750 pariet uses medication original methotrexate online pet allies show low az directions what does amitriptyline feel like buy exelon fast shipping 500 mg cheap zyvox combivent pharmacy can you snort gabapentin capsules asacol enema package insert best site to buy lanoxin cost of avapro 300 mg buy flonase hong kong nasal spray lady era pill shop discount code clozaril by mail order suhagra brands india brand brand viagra buy alli refill tablets uk ayurslim uk brand name ordering nimotop sildenafil citrate 100mg and dapoxetine 60mg elocon side effects ointment lowest price amitriptyline prevacid for infants does it work trazodone for sleep weight loss prescription medicine keftab from europe generic zestril 20 mg ponstel pills florida duetact ciplox oz tablets cialis soft online in canada mail order prazosin zovirax pill shop discount code acquistare cafergot in italia walgreens canada rd hwy 64 pliva 433 pill white buy over the counter chloramphenicol online buy dapoxetine online at canada pharmacy benicar on line no script effexor xr for purchase without a prescription buspar for anxiety attacks cost of zofran iv do i need a prescription for zovirax cream ranitidine hydrochloride tablets side effects comprar pyridium pela internet generic robaxin overnite shipping ampicillin tr 500 mg cap cytoxan overseas nizagara shipping overseas where to buy aspirin gum what is prednisone for dogs used for pfizer diflucan fluconazole wellbutrin sr order canada genuine viagra cheapest erexin-v tablets from buy top drugstore makeup products 2012 rumalaya online sales eli lilly cymbalta lawsuit all types clonidine pills purchase finpecia coumadin overnight pharmacy what is suhagra used for actonel once a month australia how to buy aricept glipizide for sale augmentin costco price glycomet medication kamagra soft over the couter amiloride hcl dose delivery buy generic abilify can you buy stromectol over counter valtrex without a prescription from us hong kong buy haldol online drugs compazine comprar buy online menosan generic viagra sublingual australia price ciprofloxacin side effects bnf cheap nolvadex uk coming off premarin side effects tinidazole dosage 250 mg buy micardis line minomycin to buy in england best price for real speman atorlip-20 discount celexa website pill identifier tool celebrex from usa pharmacy low price clozaril uk where can i purchase proventil zyban online kaufen viagra discount canada side effects of himcocid cyklokapron shelf life how much is my prescription without insurance elavil antidepressant side effects can you get rogaine 5 cardura canada head office chloromycetin overnight pharmacy mail order baby alligators premarin price in india 2 claritin pills buy dutasteride hair loss purchase lorazepam online no prescription can you order promethazine with codeine online augmentin 100mg best price for real female cialis cheap prescription buy zyprexa chloromycetin generic 2013 drugs comprar skelaxin portugal what is methocarbamol 400 mg printable coupons for voltaren gel prilosec online usa buy mobic online in usa what is sarafem used for cheap didronel pills buy minocin 80 mg online diclofenac potassium retail price buy synthroid online without rx where accutane canada gabapentin withdrawal symptoms pictures discount coupon for cymbalta i want to pay some strattera where to buy dilantin can you buy moduretic in ireland cialis import singapore how much will tamoxifen cost order erection packs 1 package bonus where to buy alli weight loss orlistat how long to use differin gel suhagra over the counter drugs cheap yasmin birth control australia can you buy lamisil online drugstore terbinafine sominex online pay paypal cheap xenical usa pilex dosage sarafem 10 mg reviews search engine optimisation tips voveran online meds what is mentat can you order aldactone ordering prescription medicines online paxil perth australia prednisone deltasone adverse effects buy lexapro 50 drugs like paxil how to get abana in australia buy nizagara from india tenormin online overnight shipping cheap generic venlor mg cabgolin order in the us best weight loss supplement for women over the counter diclofenaco sodico 50 mg dosis nin~os where can i order toradol anacin shortage canada tinidazole 1000mg arimidex tablets alcohol indian steel alliance advertisement max dose celebrex per day minomycin non perscription countries advair diskus on line in the uk buy uk kamagra oral jelly nitroglycerin drug class canadian online pharmacy using paypal what is cozaar que es lincocin con eucalipto ortho tri-cyclen generic name unisom generico online cheap vermox usa buy confido himalaya albendazole treatment how to order desyrel online trandate online overnight etodolac 300 mg tablet clozaril generic drug obtaining a viagra prescibtion cialis 5 mg daily effectiveness phone in order for amitriptyline purchase generic zyban amitriptyline without food cardura generic wikipedia drugs what states sell phenergan without a ptescription? what is the dosage for motrin for infants buy cytotec no prescription fast delivery buying augmentin ziter pharmacy windsor canada hours where do i arimidex in india can buy antibiotics online uk azithromycin buy zofran no prescription fast delivery where viagra professional revista palermo blanca online robaxin fast canada where can i get viagra today buy shatavari australia depakote phone orders casodex drug class acivir online canada hoodia over counter cipla pharmaceuticals products generic chloramphenicol safe zanaflex drugstore.com otc similar to flagyl nitroglycerin discounts codes what is hyzaar for how to get cheap prescriptions without insurance top 100 otc meds what does the drug phenergan do treatment tadapox uk next day delivery generic sarafem pmdd health canada rogaine 5 ordering silagra levitra discount im toradol shortage fda approved pharmacies aldactone noprescrition needed uk online pharmacy keppra xr generic reviews can bentyl be abused where to get bupron sr pct methotrexate mail order safe apcalis sx buy retin a micro gel 04 reviews glucophage no script buy nimotop in ireland overnight generic viagras nizoral online in usa acquistare lady era in italia radio ad viagara $5 viagra jelly 40mg cymbalta without food shuddha guggulu side effects uk celexa next day lotensin medicine online viagra from india forum tamoxifen overnight generic from fucidin generic for lipitor availability purchasing acai online tab fertomid 100mg what is aspirin yahoo internal medicine alliance tucker ga kikisu tribulus terrestris taking meclizine during pregnancy can you buy revatio men s sildenafil lisinopril discount card nizoral pharmacy order best place buy accutane online buying cleocin gel abilify shopping fincar medication hcg pharmacies in broward county order erection packs 11 online without baclofen drug store online danazol pharmacy order provera pills online in the usa cheap generic viagra 100mg generic benadryl safe names of pills that can get you high zovirax mist canada augmentin spain over counter how to buy yasmin diclofenac sodium importer online pharmacy kamagra chewable best prices buy prandin order prandin cheap cialis trial packs cheap amoxil usa pharmacy cozaar 100 review cytotec philippines order is colchicine available in india ponstel pharmacy order what is asthma attack buy ginseng in bulk suppliers of atacand in us strattera daily use reviews is canadian pharmacy for viagra a ripoff sarafem 5mg tablets generic wellbutrin problems npr how fast can you get pregnant while taking metformin free coupon for clonidine aspirin price increase citalopram hbr 20 mg generic prescription ranitidine order generic chloroquine cheap tofranil sale uk side effects of saw palmetto capsules buy erexin online thru paypals buy cardura 8 mg online grifulvin v purchase how to import baclofen where can i buy alligator meat in ohio abilify commercial narrator motilium from usa pharmacy united support systems western drug aceon chloromycetin to buy in england voveran sr online bestellen buying eldepryl using paypal kamagra gold generic name purchase levaquin 750 mg generic elavil pills purchase vermox in mexico keftab women buy health canada actos bladder cancer canadian atrovent tablet xeloda next day shipping buy frumil tablets ciprofloxacin 500 mg tablets information no rx pharmacy online med express pharmacy salisbury nc bystolic company lioresal echeck viagra pfizer wiki what is cialis tadalafil 20 mg used for purchase tetracycline viagra originally heart medication how to order femara online flomax pharmacy differin online meds where to buy cytotec pills generic glucophage manufacturers ethionamide buy online us buy famvir 15mg online isoptin tablets uk non persciption tetracycline how long does it take for proscar to work for bph best generic cialis prices what is cardizem cd flovent australia ciprofloxacino normon 500 mg efg prospecto amantadine no prescription lisinopril bonus pills coltivare il ginseng in italia order diovan tablets lasuna legal us what are the negative side effects of cialis buy chloramphenicol no prescription prescription drug atrovent pharmacies that have isoniazid over the counter substitute for keflex differin online without rx artane tablets uses what is keftab pills used for comprar myambutol portugal cheap keppra 100 mg what is ampicillin for no generic premarin levaquin discount price cheapest price xalatan buy antabuse online thru paypals how long does it take differin gel to work does generic propecia work as well farmacias venden alli mexico cost generic paxil without insurance canadian viagra online fedex carbozyne over counter uk xenical online bestellen schweiz fluoxetine 100mg cheep cleocin medication uses rhinocort results forum kamagra coupon code order trandate online uk how long does it take for proscar to leave the body how to take lotensin mg rhinocort aqua discount coupon where can i buy viagra in toronto what is cialis for women used for cialis professional sale online discount blood pressure medicine zestril can i buy viagra over the counter in thailand pills buy vermox us fallout wiki mentat albuterol sulfate inhalation solution buy online brand cialis birth control online australia nice guidelines donepezil pharmacy that sells artane buy genuine minipress uk buy synthroid online no perscription cheap isotretinoin online sinemet 40 mg pharmacy buy atacand from canada get best results using cialis feldene tablets side effects free viagra order online overnight buy ampicillin pills online can you buy mg betapace without buy cialis jelly from india lipitor 80 mg price philippines flomax results forum buy levitra professional 80 mg online para que se usa el zyprexa plavix 75mg indication biggest indian pharmaceutical companies where to buy remeron with amex how much is accutane in canada coming off zoloft crying cialis sale uk discount european pharmacy students association what does prevacid contain how can i get viagra today order wellbutrin from canada retin online order rumalaya without prescription canada elocon ointment during pregnancy flovent direct pharmacy differin generic available indian pharmacy minipress estrofem 2mg tablet cheap roxithromycin india where to buy promethazine and codeine cough syrup order albendazole on line usa how to order forzest online buy viagra sublingual 50 levitra plus to buy from europe brand viagra online canadian pharmacy approved coumadin generic cheap costs como comprar lamisil epivir-hbv cheap price doxazosin mg buy aspirin for chest pain dose antabuse generic wikipedia drugs india triamterene price acheter finpecia buy evista discount reglan cheap uk can take 2 unisom tablets effexor xr cheap uk pharmacy cheap cozaar 25mg
Home Maury Brown Now Owner, Here’s the Challenges Jim Crane Faces with Astros

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 1269 guests online

Atom RSS

Now Owner, Here’s the Challenges Jim Crane Faces with Astros PDF Print E-mail
User Rating: / 5
PoorBest 
Written by Maury Brown   
Thursday, 17 November 2011 20:37

Jim CraneJim Crane might want to be mindful of that old adage, “be careful what you wish for.” After several failed attempts at ownership, including having to back out at the 11th hour of the Astros in 2008, the Houston businessman and his large investor group finally own the Astros.

I’ve been told that Crane understands the challenges that await him with the ballclub, and that he’s a fighter that has seen worse. He and the team of executives he’s assembled will need all they can muster in the near to mid-term to take on the club. Here’s what’s in store.

Going to the AL and Addressing the Fans

Right out of the gate – and really before his approval today – Crane is dealing with a dynamic he and his investors never bought into in May when the sales agreement was reached with Drayton McLane: moving the Astros to the American League. The move goes almost entirely against popular demand which is to keep the team in the NL where there is 50 years of history.

Crane had no choice, really.

Sure, Crane could have backed out. On principle (and in truth, financial considerations), he could have walked away from the deal, but the fact is that whoever the new owner of the Astros was going to be, the move to the AL West was going to be part of the deal. In that, Crane, who tried in 2008 (Astros), 2009 (Cubs), and 2010 (Rangers), would walk away from what he said has been a life-long dream.

The challenge now is creating his legacy after all of this. The move is part of the deal. Most of the fans are left in a lurch over the move, stuck in a power-play forced on by the league and the players looking to balance out the schedule and the addition of a one-game playoff with new Wild Card teams. If Crane is up to the challenge, he can be the salve for the fans’ wounds.

Ed, Tal, and the Front Office

This is one that Crane and his team have had plenty of time to get ready for. Crane’s fingerprints are already on the team having had the decisions to move Hunter Pence and Michael Bourn run by him. Now, the moves will shift to the front office.

It’s already been reported that Crane and Co. will be looking to restructure the Baseball Ops side of the club. That puts GM Ed Wade and President of Baseball Operations Tal Smith clearly in the crosshairs and will likely be some of the first key moves made by Crane in the coming days.

The Astros and Being Out of Debt Compliance

Fans of the Astros may not know this, but as of today, your team is officially out of compliance with MLB’s debt rules. Of course the league knows this as it comes with a sale that now ranks as the second-highest in league history. Going into debt to make the deal happen was what Crane and his investors needed to do to seal the deal.

In other words, the Astros now carry more than 10 times their annual revenues.

In speaking with representatives of Major League Baseball, the debt service rule is designed to allow flexibility for sales transactions to be in violation of the rule, if only for a short period. As one league source said, “If we didn’t make an exception for the rule, no sales transactions would take place.”

It’s how fast Crane and Co. can get back into compliance with the league’s self-imposed rule that will be key.

According to the SportsBusiness Journal, Crane’s deal reportedly sees a $220 million debt component from Bank America. But, in a sign that financial institutions are looking more closely at how debt is collateralized, Crane and the investors have considerable capital in the deal. As the SBJ reports, the loan “is conservatively structured, with covenants, for example, requiring Crane to pre-fund expected losses. Some of the loan also is set aside for interest reserves, the sources said. “

The interest rate on the deal is 275 points over the London Interbank Offered Rate, or LIBOR, a floating rate index, according to the SBJ.

The report goes on to say that the Astros already have borrowed approx. $55 million in debt from MLB’s league-facility fund.

(See Crane’s key investors)

While other reports have said that Crane will be getting a loan from MLB, when I spoke to the league in July they denied that to be the case, but did say that the Astros would continue to have access to the league facility fund.

How the Move to the AL Impacts the RSN

A large reason why Crane and his group were willing to agree to an initial $680 million sale price was the newly formed Comcast SportsNet Houston that has the Astros, Houston Rockets, and Comcast as partners. The new RSN is a key piece in helping the Astros address the debt component. The Astros and Rockets own 77.5 percent and is reportedly worth $1 billion.

But, getting the RSN off the ground means programming and the move to the AL was a massive factor. Crane negotiated compensation for the move that reportedly sees a $35 million discount on the sale from McLane and $35 million coming from MLB. Crane likely argued that games starting later and now less Cardinals and Cubs – teams with large appeal – were going to impact the RSN’s bottom line.

What will be interesting is seeing how the new schedule is arranged for the Astros in 2013. Might there be a healthy dose of AL East games with the Yankees and Red Sox to help with the draw? We’ll see.

Putting the Unsavory Aspects of Crane’s Businesses in the Rearview Mirror

The final approval of Crane’s deal for the Astros marks what should be the beginning of the end of talk around the discrimination lawsuits and war-profiteering charges that were part of what reportedly held up the vote to approve the Houston businessman in August (see the Forbes report). All of that should be forgotten if the Astros are continued to be run as a pillar of the Houston community. In other words, I’m sure Crane is hoping, as is this author, this is the last ink spilled on the topic.

As noted, Crane is faced with challenges no other owners have ever had to deal with. Each sale is difficult, but this one is tougher than most. Putting a 106-loss season behind them, the Astros now have a fresh slate to work from. They are not entirely behind the 8-ball, but it would be a lie to say it’s all smooth-sailing out of the gate. The next 5 years will be critical to getting the Astros into not only winning on the field, but also off-the-field.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, and is a contributor to Forbes SportsMoney blog.. He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on TwitterTwitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?