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Jim Crane buys Astros for $680M

Updated: May 17, 2011, 10:09 AM ET
Associated Press

HOUSTON -- Jim Crane learned persistence playing baseball in his youth.

Turns out, he needed it. The Houston businessman failed three times to realize his dream of buying a major league baseball team.

On Monday, his attitude paid off when Houston Astros owner Drayton McLane announced that he had agreed to sell the team to a group led by Crane for $680 million -- the second-highest price in major league history if it is approved.

"Each time we tried it was a little difficult," ...

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