- ‘I Am Alive’ app gains popularity in terror-ravaged Lebanon
- Gun giveaways gain popularity among Republican candidates
- S.C. hospital worker slapped with $525 federal fine for refilling $0.89 soda
- Teen from ‘Jihad Jane’ plot becomes youngest ever to serve time on U.S. terror charges
- Iranian woman forgives son’s killer at the gallows
- Nebraska principal sorry for ‘don’t tattle’ flier
- Illinois readies to spend $100M for Obama museum in Chicago
- John Edwards back in court — this time as a lawyer for Va. boy’s malpractice case
- Covered California reports more than 200K in overtime Obamacare sign-ups
- Thanks, Chuck: Hagel says U.S. sending Ukraine sleeping mats, helmets
Rangers sale clears 2 hurdles, 1 to go
It’s almost over.
The MLB ownership committee and executive council each unanimously approved the sale Wednesday at the quarterly owners’ meetings. All that remains for the sale to be completed is a final vote of all teams Thursday, which appears to be a formality.
“I’m delighted we took the first two steps today in unanimity,” commissioner Bud Selig said. “Tomorrow we’ll come out after the meeting and tell you how the final vote came, but I suppose you could probably guess that.”
The acquisition from current owner Tom Hicks had been delayed and then ended up in U.S. Bankruptcy Court. The team’s May filing included a plan to sell to the Greenberg-Ryan group, chosen as the new owner in January, but angry creditors successfully argued to reopen the bidding. The messy court fight dragged on for 11 weeks and included a contentious auction with Dallas Mavericks owner Mark Cuban last week.
The Greenberg-Ryan group won with a bid valued at $590 million.
“I know it was a difficult process. But everybody really conducted themselves well,” Selig said. “Last week was a very tough week, but all is well that ends well. We’re one step away from having a great ending for generations to come for the Texas Rangers.”
With Ryan remaining in Texas to watch his first-place Rangers play the New York Yankees, Greenberg and two other lead investors, pipeline billionaire Ray Davis and XTO Energy founder Bob Simpson, traveled to Minneapolis to go before the ownership committee.
Greenberg said everything went smoothly and he was looking forward to putting the rancor of the last few months behind him and getting to work.
“They wanted to make sure there was a good handle on the transaction, the impact of what last week was and our operating philosophy,” Greenberg said. “Those are fun things to talk about.”
Most of the questioning, Greenberg and Davis said, centered around what the ownership group’s philosophy will be going forward as they take the reins of the surprisingly successful team, which led the Angels by 8 1/2 games in the AL West.
“Jon Daniels and Nolan Ryan and the whole group have done an incredible job through scouting and player development and that’s what we’re goign to continue to focus on,” Greenberg said. “We want to elevate the sales and marketing of the franchise to the same level off the field that we’re now performing on the field.
“If we can do that, this is a franchise that can operate at a very high level and be a credit to the game and the community and build a lot of memories for our fans.”
Greenberg said he has already signed all the necessary documents to complete the transaction, and if everything goes well on Thursday it will be officially completed later in the day.
“I’m not going to lie to you; it’s pretty cool,” he said with a smile.
By Joy Overbeck
Redemption by government is futile
- Joe Biden's first Instagram pic mocked as shill for sunglass ad
- Jews being told to register in Ukraine: John Kerry
- Obama taunts GOP, takes nationally televised victory lap on Obamacare
- BOLTON: A 'three-state solution' for Middle East peace
- Army goes to war with National Guard, seizes Apache attack helicopters
- Elderly Chicago man robs bank to go 'home' to prison; judge fulfills his desire
- Cliven Bundy's Nevada ranch wrecked by retreating feds
- Chavez seizes Cargill factory
- Atheists rush to stage Easter display: 'Jesus Christ is a myth'
- IRS emails reveal discussion with Justice about suing nonprofits for election activities
Top 10 handguns in the U.S.