Some public comments from the priniciples themselves:
(Crane) We felt at this time it was time for [Jared] to step in. I'm past retirement age, and he needs to learn the business if the family is going to retain the team...I'm not a spring chicken. I've been working hard for a long time, and in all of my stuff I'm building a succession plan. Baseball requires a plan in peace for each team, so we're doing that and planning for the family. It has nothing to do with Reid.
(Reid) Jim Crane has been a great owner for the city of Houston, and I thank him for the opportunity to lead the Houston Astros organization. Thank you to the many employees, fans, and partners that have supported this team during my tenure as president. Baseball is about bringing joy to people's lives and I take pride in knowing that we have made so many memories for our fans. While my role has changed, I will remain with the Astros and look forward to another great season in 2020.