Enron's Lay sells stake in NFL Houston Texans

HOUSTON - Houston Texans owner Bob McNair says former Enron boss Kenneth Lay no longer has a financial interest in the team. <br> <br> McNair bought Lay&#39;s minority stake in the NFL expansion franchise. <br> <br> A Lay family spokeswoman confirmed the sale, but neither she nor McNair would reveal the amount. McNair owns 70 percent of the team after paying $700 million for the league&#39;s 32nd franchise in 1999. <br> <br> Enron filed for bankruptcy in December, leaving thousands of employees jobless. <br> <br> The federal government is investigating the downfall, but no charges or indictments have been handed down.

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