Sources: Lerner picked as next Nationals owner

Updated: May 3, 2006, 7:42 PM ET
Associated Press

WASHINGTON -- The Washington Nationals will be sold to developer Theodore Lerner's group, which Major League Baseball selected over seven other suitors to buy the franchise for about $450 million.

The selection was confirmed Wednesday by a baseball official who spoke on condition of anonymity because the announcement, expected in a late afternoon conference call, had not been made.

Lerner's group, which includes former Atlanta Braves executive Stan Kasten, beat out top contenders including ...

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