MLB postpones vote to approve sale of Astros

By RONALD BLUM | August 15, 2011 | 4:29 PM EDT

NEW YORK (AP) — Major League Baseball has postponed a vote to approve the proposed sale of the Houston Astros from Drayton McLane to Jim Crane.

The $680 million agreement was reached May 16, and owners had anticipated a vote when they meet Thursday in Cooperstown.

The commissioner's office said Monday "the standard due diligence that must be completed before any transaction of this magnitude can close remains ongoing."