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Lerner selected as new Nationals owner

Updated: May 4, 2006, 12:45 PM ET
Associated Press

WASHINGTON -- Major League Baseball at long last picked someone to buy the Washington Nationals, choosing a group that's led by real estate developer Theodore Lerner and includes former Atlanta Braves executive Stan Kasten.

"This has been a long journey. ... While I do apologize for the time, I think history will prove it maybe was time well spent," commissioner Bud Selig said Wednesday in announcing the $450 million agreement.

Baseball bought the then-Montreal Expos ...

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