astros logo new

Astros owner sues ex-Astros owner, Comcast and NBC Universal in RSN dispute

4 Comments

Jim Crane’s Houston Astros ownership group filed a lawsuit late Thursday against former Astros owner Drayton McLane Jr., McLane Champions, LLC, Comcast Corporation and NBCUniversal (NBC Sports is owned by Comcast/NBCUniversal).

The suit, filed in Texas state court, alleges that, at the time of Crane’s ownership group’s 2011 acquisition of the Astros and McLane’s interest in the regional sports network CSN Houston, the defendants engaged in fraud and conspiracy and negligently misrepresented and omitted information relating to the network’s value and its prospects.

The lawsuit also accuses McLane Champions of breach of contract.

The Astros and McLane’s share of CSN Houston were reportedly sold for $615 million. CSN Houston launched in October 2012 and started televising Astros games in 2013.

“These misrepresentations have caused us an enormous loss, and they’ve hurt our fans and hurt our city of Houston,” Crane said during a Friday press conference. “Because of these misrepresentations, we are stuck in a network deal that cannot get off the ground.

“So we now face a situation where we accept millions of dollars of loss each year with damage to the franchise and the city, or we fight back.”

McLane released a statement on Friday responding to the suit:

I haven’t seen the lawsuit yet, but Jim Crane is highly experienced and has been in business over 30 years. He is surrounded by top tier accounts, attorneys, operators and marketers and he has participated in transactions even larger than this one. His experts meticulously examined the Houston Astros financial position. My team was absolutely transparent and produced thousands of pages of documents; we provide answers to explanations to all of their questions. Any suggestion otherwise is absolutely false. As an example, today, Jim Crane reportedly stated that he did not receive the business plan for CSN Houston prior to the purchase. That is not true.

“This was one of the most complex and scrutinized transactions of my business career. Jim’s group had all the facts. In fact, he told the Chronicle this September that the regional sports network had ‘good long-term value.’ The Accusations that have been reported are hollow and appear to be an attempt to recreate the facts,. We will respond in a vigorous and persuasive manner to the lawsuit.

NBCUniversal also released a statement:

“Comcast/NBCUniversal vehemently rejects any claim of wrongdoing asserted by the Astros. This litigation outside the bankruptcy proceedings is a desperate act, committed during a period in which Mr. Crane and his team of sophisticated advisors have been granted by the Bankruptcy Court an opportunity to explore and effectuate solutions to the Network’s serious business problems. Instead, it appears that Mr. Crane is suffering from an extreme case of buyer’s remorse, and aiming to blame the Network’s challenges on anything but his own actions. Comcast/NBCUniversal looks forward to vindicating itself in this litigation and also remains committed to a reorganization of the Network in Bankruptcy Court.”

Crane told the Houston Chronicle that he doesn’t have buyer’s remorse and is “very happy we own the team and will continue to be happy and we’ll work our way through this, and the rest of it, I guess we’ll sort it out in court.”

MLB, MLBPA donate $250,000 for Louisiana flood relief

BATON ROUGE, LA - AUGUST 15:  Richard Schafer navigates a boat past a flooded home on August 15, 2016 in Baton Rouge, Louisiana. Record-breaking rains pelted Louisiana over the weekend leaving the city with historic levels of flooding that have caused at least seven deaths and damaged thousands of homes.  (Photo by Joe Raedle/Getty Images)
1 Comment

Major League Baseball and the Major League Baseball Players Association announced this morning that they are contributing $250,000 to assist victims of the devastating floods that recently hit Louisiana.

The $250,000 contribution is being divided among three charitable organizations: The American Red Cross will receive a $125,000 contribution and two charities connected to Major League Players – the Baton Rouge Area Foundation and High Socks for Hope – will each receive a $62,500 contribution.

According to the joint press release, several players with connections to the area, including Reid Brignac, Will Harris, Wade LeBlanc, Mikie Mahtook, Anthony Ranaudo and Ryan Schimpf were consulted in determining which organizations would receive funding support.

Nice move, union and league.

Video: Yoenis Cespedes’ bat flip was well-earned, well-executed

NEW YORK, NY - AUGUST 29: Yoenis Cespedes #52 of the New York Mets flips his bat after hitting a walk off home run in the tenth inning to defeat the Miami Marlins 2-1 in a game at Citi Field on August 29, 2016 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Rich Schultz/Getty Images)
Getty Images
6 Comments

We mentioned this in the recaps this morning but Yoenis Cespedes deserves a post of his own.

He deserves it for his walkoff homer in the tenth inning of last night’s game against the Marlins. He deserves it for the fact that he’s hit five homers and has driven in nine runs in his last ten games while raising his batting average ten points. And, most of all, he deserves it for the magnificent bat flip after watching the ball fly:

Here’s the whole play from MLB.com: