Major League Baseball sources told FOX 26 Sports and FOSG Mark Berman that Houston Astros owner Drayton McLane, Jr. has retained Allen & Co., an investment-banking firm in New York City, to help him sell his franchise.
Allen & Company will attempt to sell the Astros franchise for $800 million.
McLane has owned the Astros since 1992. From 1993 to 2010, the Astros own the fourth-best record in the National League.
The Astros reached the postseason in six of the past 14 seasons which includes National League Central Division titles in 1997, 1998, 1999 and 2001.
Here's Berman on the front lines...