Blog Entry

Cuban won't bid on Astros

Posted on: November 19, 2010 12:53 pm
Edited on: November 19, 2010 3:16 pm
 

Having been thwarted twice in attempts to buy major-league teams, including a court battle this summer over the Rangers, it would be natural to assume Mark Cuban's ears perked up at the news Drayton McLane has enlisted an investment firm to begin earnest efforts to sell the team. Jim Crane, Cuban's partner in the Rangers bid, nearly bought the Astros in 2008.

Cuban has told several reporters today, however, that he has no interest in buying the Astros.

A Houston TV station reported that the asking price will be $800 million. The latest Forbes valuation of the franchise was $453 million, but the sale would also include some portion of the new regional sports network CSN Houston, which has the contract to air Astros and Rockets games.

McLane has scheduled a news conference at 3:30 p.m. Eastern to discuss the sale.

-- David Andriesen

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Comments

Since: Jun 3, 2010
Posted on: November 19, 2010 3:15 pm
 

Cuban won't bid on Astros

No, CSN is the new network that's included in the Astros sale. It has rights to the Astros and Rockets as the FSN contracts expire.



Since: Feb 19, 2007
Posted on: November 19, 2010 2:47 pm
 

Cuban won't bid on Astros

FSN Houston broadcasts Astros and Rockets games.

Proofreading is good for you and me.


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