May 16 in Houston Astros History: The Astros formally announce the sale of the ballclub to a group of investors led by Houston shipping magnate (2011)

The Astros formally announce the sale of the ballclub to a group of investors led by Houston shipping magnate Jim Crane. The reported cost is $680 million dollars, the second highest amount to date for a Major League franchise. The sale awaits the approval of the other owners before becoming officia

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Source: Historical record

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