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DRAYTON MCLANE RUMORS

Astros Comcast lawsuit not clearing up

No end appears in sight for the legal suit between Astros’ owner Jim Crane and Comcast and former owner Drayton McLane. The latest snag is a breach of contract against McLane Champions, McLane’s company (Houston Chronicle). US Bankruptcy Judge Marvin Isgur ruled the allegation was out of his jurisdiction. The next hearing is June 23rd. This pits the journey in the middle somewhere...
Via Reading Between The Seams
May 26, 2014  |  Discuss

Baylor to name new stadium for McLane family

Baylor University says its new football stadium will be called McLane Stadium in honor of alumnus Drayton McLane Jr. and his family. McLane, former owner of the Houston Astros, is a 1958 Baylor grad and former regents chairman. It was announced in March 2012 that McLane's family had given the school the largest capital gift ever - more than $20 million - toward the stadium...
Via AP on Fox
December 30, 2013  |  Discuss

Comcast, NBC Universal wish to take Crane lawsuit to federal court

Attorneys for Comcast and NBC Universal have filed notice to move a state court lawsuit filed by Astros owner Jim Crane against the companies and former Astros owner Drayton McLane to the federal court that is overseeing the Comcast SportsNet Houston involuntary bankruptcy case. Comcast and NBC said in court documents filed Friday that the state case filed last month by Crane...
Via Pro Sports Daily
December 01, 2013  |  Discuss

Astros owner sues Drayton McLane, Comcast and NBC claiming fraud

Jim Crane’s Astros ownership group filed a state court lawsuit Thursday against former Astros owner Drayton McLane, Comcast and NBC Universal, accusing them of fraud and civil conspiracy and accusing McLane’s corporation that owned the Astros of breach of contract in conjunction with Crane’s 2011 purchase of a 46 percent interest in the parent company of Comcast SportsNet Houston...
Via Pro Sports Daily
November 22, 2013  |  Discuss

Astros owner Jim Crane suing former owner Drayton McLane over CSN Houston mess

Astros owner Jim Crane is suing former team owner Drayton McClane for fraud, related to the sale of the Astros and McLane's stake in CSN Houston to Crane in 2011 for $615 million. Comcast and NBC Universal are also named in the suit. The suit accuses McLane, who sold the Astros and his CSN Houston share to Crane in 2011 for $615 million, of selling “an asset (the network...
Via Awful Announcing
November 22, 2013  |  Discuss

From the Jump to The AL to Stripping Payroll and More: Why the Astros Need to Slow Down

Houston Astros owner Jim Crane is a smart man. One doesn’t get rich and build global business without being as such. But there’s some advice that he needs when it comes to owning and running an MLB club, and it’s this: Slow down. I get that you saw the need to fix aspects of the organization. You might even have wanted to put your own stamp on it, but since before you purchased...
Via The Biz of Baseball
May 14, 2013  |  Discuss

Astros set to join Halos in AL West

MILWAUKEE Baseball owners unanimously approved the sale of the Houston Astros from Drayton McLane to Jim Crane on Thursday, which will lead to the team moving from the NL Central to the AL West for the 2013 season. The decision will give each league 15 teams, baseball's first realignment since the Milwaukee Brewers switched from the AL to the NL after the 1997 season. As part...
Via Fox Sports West
November 17, 2011  |  Discuss

Houston Astros sold after price cut

Baseball owners have unanimously approved the sale of the Houston Astros from Drayton McLane to Jim Crane. The Astros will move from the NL Central to the AL West beginning in the 2013 season, giving each league 15 teams. As part of the agreement to switch leagues, the sale price was cut from $680 million to $615 million, a person at Thursday's meeting told The Associated Press...
Via AP on Fox
November 17, 2011  |  Discuss

McLane Confirms Astros Will Move To AL West In 2013

Drayton McLane confirmed to reporters, including Bob Nightengale of USA Today (Twitter link), that the Astros will be moving to the American League West for 2013. McLane added that the Astros' sale is on the agenda for the owners' meetings tomorrow, at which point Jim Crane is expected to be approved as the team's new owner. More links on the Astros and the rest of...
Via MLB Trade Rumors
November 16, 2011  |  Discuss

APNewsBreak: Astros sale to Crane set for approval

Two people familiar with the negotiations told The Associated Press that the proposed sale of the Houston Astros from Drayton McLane to Jim Crane is on the agenda for approval when baseball owners meet next Thursday in Milwaukee. As part of the agreement, McLane, Crane and Major League Baseball have reached an understanding on how a possible shift of the franchise to the American...
Via Fox Sports
November 11, 2011  |  Discuss
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