Cuban, Crane Plan To Bid for Texas Rangers
(Reuters) - Dallas Mavericks owner Mark Cuban and Houston businessman Jim Crane plan to join together to bid for control of the Texas Rangers baseball team, in an auction for the team in a U.S. bankruptcy Court, a source familiar with the matter said on Tuesday.
No other details about the bid by Cuban and Crane...
Nolan Ryan Re-Bids for Texas Rangers
(Reuters) - A group led by former all-star pitcher Nolan Ryan and a minor league baseball team owner made a new bid to buy the bankrupt Texas Rangers in a move that would block an auction for the Major League Baseball team set for next week.
The Rangers’ bankruptcy court-appointed chief restructuring officer, William Snyder, said...
Texas Rangers Lenders Sue To Force Bankruptcy
(Reuters) - A group of lenders to the Texas Rangers sued on Friday to put the baseball team’s equity owners, controlled by private equity investor Thomas Hicks, into bankruptcy.
The involuntary bankruptcy petitions, filed in Fort Worth against Rangers Equity Holdings LP and Rangers Equity Holdings GP by four hedge funds, comes days after the team...
Texas Rangers File for Bankruptcy
(Reuters) - The Texas Rangers baseball team filed for Chapter 11 bankruptcy protection on Monday to ease the sale of the team to a group led by team president and Hall of Fame pitcher Nolan Ryan for about $575 million.
The “prepackaged” filing calls for creditors to be paid in full, and has the support of...
Sports Attorney To Buy Texas Rangers from Tom Hicks
CHICAGO (Reuters) - A group led by Pittsburgh sports attorney Chuck Greenberg was picked as the lead bidder for the Texas Rangers baseball team being sold by sports tycoon Tom Hicks, but still must finalize the deal and get the approval of the league’s owners and Hicks’ creditors.
Greenberg, whose group includes Rangers President and retired...
Bidders for Texas Rangers To Meet with Management
CHICAGO (Reuters) - The groups interested in buying the Texas Rangers will meet with the Major League Baseball team’s management next week as they prepare bids, according to three sources familiar with the process.
The goal is to have a winner identified by late November and a sale completed by year end, said the sources, who...
