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Thread: Nolan Ryan group wins Rangers auction (Mark Cuban loses another bid for a MLB team)

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    Member redsfandan's Avatar
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    Nolan Ryan group wins Rangers auction (Mark Cuban loses another bid for a MLB team)

    Nolan Ryan group wins Rangers auction

    FORT WORTH, Texas -- An investment group led by Hall of Fame pitcher and Texas Rangers president Nolan Ryan won a contentious and unusual auction for the team early Thursday, beating back a nearly $600 million offer from outspoken Dallas Mavericks owner Mark Cuban.

    Officials in federal bankruptcy court announced the winning bid to cheers and a standing ovation in the courtroom, some 10 hours after the auction began.

    The Greenberg-Ryan group had Major League Baseball's endorsement, and its final offer included $385 million in cash. The final hearing on the team's bankruptcy plan was scheduled for later Thursday.

    "It was an emotional roller coaster," a smiling Ryan said between hugs with colleagues and well-wishers in the courthouse. "You go to court one day and it didn't go your way, but you go back another day and it would. It's a relief."

    Final approval of the Rangers sale rests with MLB, which had the option of choosing the second-highest bid instead. But it didn't come to that. ...

    http://sports.espn.go.com/dallas/mlb...ory?id=5436579
    "Now that's a real shame when folks be throwin' away a perfectly good white boy like that."

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    Vampire Weekend @Bernie's camisadelgolf's Avatar
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    Re: Nolan Ryan group wins Rangers auction (Mark Cuban loses another bid for a MLB tea

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