Jim Crane was supposed to be approved as the new owner of the Astros at this week’s owners meetings. Now Eric Fisher of SportsBusiness Journal is reporting that the vote has been put on hold. It’s possible that the delay is based on concerns over Crane’s business background.
These concerns are not new — Maury Brown cataloged them pretty comprehensively a couple of months ago — but they were not thought to be enough to derail Crane’s ownership bid.
Is that bid derailed, or is this just a matter of extra due diligence? I suspect we’ll find out soon.
UPDATE: Literally one minute after I posted this, the following statement from Major League Baseball was released:
“The standard due diligence that must be completed before any transaction of this magnitude can close remains ongoing. Because that procedure is continuing, it is not expected that the proposed sale of the Astros will go to the approval process at this week’s owners meetings. Major League Baseball will continue to work as expeditiously as possible to complete the process.”
The Rangers will not sign free agent reliever Seung-hwan Oh after all. Reports from MLB.com’s TR Sullivan indicate that negotiations were brought to a halt after a physical issue was found with the pitcher. While the specifics have yet to be released, Evan Grant of the Dallas Morning News says the issue was revealed on an MRI of the right-hander’s arm.
Oh was thought to be in talks with the Rangers last week, though a deal was never officially announced by the club. The 35-year-old righty is fresh off of a two-year run with the Cardinals, during which he posted a cumulative 39 saves, 2.85 ERA, 2.1 BB/9 and 10.2 SO/9 in 139 innings. He struggled with consistency in his sophomore season, however, and finished 2017 with a disappointing 4.10 ERA and 4.44 FIP in 62 appearances for the team.
While Oh hasn’t experienced any setbacks with his arm in the majors so far, he does have a history of prior injuries during his time in KBO. He sustained a shoulder injury in 2009 and underwent surgery to remove bone spurs from his elbow in 2010. It’s possible that the Rangers saw an entirely different problem on the MRI, but clearly it was enough to give them strong reservations about inking the righty to a $2.75+ million deal. It’s still possible that another of Oh’s suitors will offer him a contract prior to Opening Day; the Giants were rumored to be interested in the veteran reliever, among other teams, though their recent acquisition of lefty reliever Tony Watson will likely take them out of the running now.