Monday, September 30, 2013

Crane vows to spend money, fight CSN Houston's bankruptcy

Jose de Jesus Ortiz, reporting from the Astros' golf tournamen (where a frosted-tipped Roger Clemens played a round), has a quote from Jim Crane

 Hopefully "TV" won't mean "Having An Embarrassing Thing Looped on Deadspin."

Also in today's Chronicle, filed in between the Weeping and Gnashing Of Teeth articles over yesterday's Texans game, Crane vowed to fight the forced bankruptcy petition for CSN Houston.

The Astros' general counsel, Miles Kibbe, said of CSN Houston:
This is not a bankruptcy situation. There are no creditors that are owed money at this point other than the Astros. This is a partnership disagreement over multiple agreements between the Astros and Comcast.

Crane laid it out as such:
“We’re fighting for money to improve the team. We’re not the bad guys here, in my opinion. We want to get what they (Comcast/NBC) told us they were going to give us. That’s enough.”

Jim Crane also said the Astros were scheduled to receive around $50m this season from CSN Houston, but the actual revenue received was "in the teens."

This is going to get ugly, and no, you're probably not going to get to see Dwight Howard and the Rockets.