Monday, May 13, 2013

George Postolos resigns

In a total shock move, Astros Team President/CEO George Postolos has resigned his position. Sports Business Journal's Eric Fisher says he will again be running The Postolos Group, aiding team acquisitions and sports entertainment strategy.

Stunning move. More as we learn it, but I can't help if the almost-total failure of CSN Houston (a deal Postolos helped engineer) has anything to do with it.

Postolos worked with Crane for seven years to acquire a franchise. Brian Smith has a quote:

I am very proud of what Jim accomplished with my help – acquiring a major league franchise with a strong and diverse ownership group, developing and implementing a good plan for the team’s future, and assembling a first rate management team. I look forward to helping other investors pursue their objectives in sports knowing that Jim and the Astros organization are off to a great start and well positioned for future success. 

So it seems as though nobody really liked George Postolos.

Jose de Jesus Ortiz called it "positive news, and that "Crane ultimately would have to get rid of Postolos this year." He continued, saying the "Postolos regime treated baseball as though it were basketball, got rid of a lot of institutional knowledge and it has bit them badly."

Brian Smith said there was a divide within the organization and that many were unhappy with Postolos' decisions. Smith echoed Ortiz's thoughts, saying Postolos would be "fall guy" later this season or after the current season.

Danny Knobler didn't even try to spin it, and just said that "Many in org didn't like him."

Greg Lucas: "Astros on-field record/performance not why Postolos is packing it in."