Who Owns Astros? A Detailed Look at the Team’s Ownership Structure

Jim Crane is the owner of the Houston Astros, a prominent team in Major League Baseball (MLB) and a member of the American League West Division.

Under his ownership, the Astros have captured two World Series championships, in 2017 and 2022, solidifying their status in the league. Since purchasing the team in 2011, Crane has focused on building a competitive roster and enhancing the team’s presence in Houston.

Crane’s leadership has been pivotal during a transformative period for the Astros. The team moved to the American League in 2013 after spending 51 seasons in the National League, opening new rivalries and opportunities. This change, along with strategic management, has contributed to the Astros’ recent successes on the field, including playoff appearances and championship victories.

The impact of his ownership goes beyond just the wins. Crane has also been involved in numerous community efforts, making the Astros a key part of Houston’s sports culture. With such a dynamic background, the ownership of the Astros continues to shape the narrative of baseball in Houston and beyond.

Ownership History and Current Owner

The Houston Astros have a long and varied ownership history that reflects changes in both business and baseball dynamics. Current ownership under Jim Crane marks a significant chapter in this franchise’s story.

Evolution of Ownership

The Houston Astros’ ownership has changed hands several times since the franchise’s inception in 1962. Key figures include R.E. “Bob” Smith and John McMullen, who owned the team through different eras.

In 1993, Drayton McLane purchased the team for $117 million, leading the franchise through playoff appearances and a new stadium opening in 2000. However, McLane faced challenges, particularly during a tough period in the late 2000s, which culminated in his decision to sell the team.

In 2011, Jim Crane acquired the Astros for $680 million, signaling a new direction for the franchise.

Jim Crane’s Tenure

Jim Crane has been the principal owner of the Astros since his purchase in 2011. Under his leadership, the team has achieved notable success, including winning two World Series championships in 2017 and 2022.

Crane’s background as a businessman includes being the chairman of Crane Worldwide Logistics and Crane Capital Group. His experience in managing large enterprises is reflected in the Astros’ financial stability and competitive performance.

Forbes has recognized Crane’s effective management approach, which has strengthened the team both on and off the field. Under his ownership, the Astros have become a dominant force in Major League Baseball, transforming from underdogs to champions.

Team Achievements and Community Impact

The Houston Astros have seen significant success in Major League Baseball and made a strong commitment to their community. Their achievements on the field reflect their talent and hard work. Additionally, their community programs show a dedication to making a positive impact in Houston.

Success on the Field

The Houston Astros have enjoyed major accomplishments, including winning two World Series titles, in 2017 and 2022.

Playing at their home, Minute Maid Park, the team has built a strong fan base and competitive spirit. The Astros are part of the American League West and consistently perform well within the division.

Their farm system has produced numerous standout players, contributing to their success. In addition, they have claimed several pennants, which showcase their strong performance in playoffs. The team’s efforts have not gone unnoticed, as they received the Allan H. Selig Award for their achievements and commitment to the sport.

Astros Foundation and Community Programs

The Astros Foundation plays an essential role in improving the Houston community.

They focus on several programs, including the Community Leaders Program, which trains youth for leadership roles.

This initiative provides skills and guidance to help young people excel.

Moreover, the foundation participates in various charities and events throughout the year, offering support to local organizations.

The Astros aim to foster strong community relationships while promoting baseball’s positive values.

Their community efforts reflect a commitment to making Houston a better place for all.