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Jim Crane formally takes over Astros

Updated: November 22, 2011, 4:10 PM ET
Associated Press

HOUSTON -- The sale of the Houston Astros to Jim Crane from Drayton McLane has been completed.

Baseball owners unanimously approved the long-delayed sale of the team last Thursday, a transaction that requires the franchise to move from the NL Central to the AL West in 2013.

Crane, the fifth owner in the history of the franchise, also announced Tuesday that George Postolos will be the team's president and chief executive officer. Postolos is a former president and CEO of the Houston ...

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