Rangers sale approved by MLB
Baseball Betting Lines
08/12/2010 -
New York, NY (Sportsbook Betting Lines) - Major League Baseball has approved the sale of
the Texas Rangers from Tom Hicks to a group led by Chuck Greenberg and Nolan
Ryan.
The lengthy process finally came to a close Thursday after the Greenberg-Ryan
group prevailed in an auction last week to purchase the club out of
bankruptcy.
Ryan and Greenberg outbid the tandem of Dallas Mavericks owner Mark Cuban and
Houston businessman Jim Crane. The winning bid was $593 million, topping the
Cuban-Crane reported offer of $581.2 million.
"I am very pleased that Chuck, Nolan and their impressive ownership group have
been approved as the new leadership of the Texas Rangers franchise," said MLB
commissioner Bud Selig. "Chuck and Nolan have demonstrated an unwavering
commitment to the Rangers. Their passion for Major League Baseball as a whole
and particularly the future of baseball in Texas is exemplary."
Greenberg, a Pittsburgh attorney, will serve as the new ownership's control
person, while the legendary Ryan will remain as the club's president.
"I can't tell you how excited we are to complete our purchase of the Texas Rangers," commented Greenberg. "It's been a long journey, but well worth the
wait. We believe that this franchise belongs to all of its fans, and we pledge
to be passionate in all we do to bring you the very best on and off the
field."
Ryan and Greenberg had reached an agreement on January 23 to purchase the team
and the land around the Ballpark in Arlington for $575 million. The Rangers
filed for bankruptcy in May, but the lenders who hold the debt on Hicks Sports
Group ultimately objected to the sale with the belief that the team could
fetch more money.
"In addition, I want to thank the Rangers' fans for their patience throughout
this difficult process," Selig added. "I am confident that Chuck, Nolan and
the entire ownership group will serve as dedicated stewards of this club by
building a long-term, stable franchise which values its standing in the
Dallas-Fort Worth communities. I am glad that the Rangers' great season on the
field will get the attention it deserves during the pennant race."
The Rangers are 65-48 and lead the American League West by 7 1/2 games over
the Angels.
"We can now turn our full attention to continuing what has been a great season
on the field," said Ryan. "We thank the fans and the community for their
tremendous loyalty and support and we look forward to the excitement as we
head down the stretch and into October."
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Big Ten Conference odds
Teams that should be in: Michigan State, Indiana
Work left to do: Illinois, Purdue, Michigan, Iowa
Behind the big two, the pecking order might be in a bit of flux. Has Michigan State passed Indiana after handling the Hoosiers in East Lansing? Where is Illinois in that mix? What looked like a four-big league last week could be morphing into five -- and even six is not unthinkable at this point if everything breaks right.
Should be in:
Michigan State [21-8 (8-6), RPI: 20, SOS: 15] The Spartans made it four-for-four on the homestand, a gigantic accomplishment that leaves them in extremely good shape. MSU is only 1-6 on the road and is at Michigan and at Wisconsin to close things out, meaning the date with the Wolverines on Tuesday looms very, very large. Beating Texas early will hold up well, as will the rout of Bradley and the win over BYU, but will 8-8 be enough? It very well could be, as the computer numbers are good, but why chance it?
Indiana [18-9 (8-6), RPI: 24, SOS: 32] Hmm ... good thing the last two are at Northwestern and home to Penn State, because IU might want to get both to feel completely safe after dropping its third in the last four, fading after halftime at Michigan State. Who knew the best nonconference win would be over Southern Illinois, which is a gift that keeps on giving for the Hoosiers. The win over Wisconsin also looks good on the mantel.
Work left to do:
Illinois [21-9 (9-6), RPI: 31, SOS: 25] A good performance at Penn State leaves the Illini in pretty good shape. Can they go to Iowa and take care of business to really look on their way? That's a huge game, as there is a possible cluster of teams that will end at 9-7. Illinois beat Bradley, but has lost to Xavier. A 9-7 mark and a semifinals trip in Chicago could be enough with the computer profile hanging in there, but it would be better not to mess around, clinching at least a tie for third.
Purdue [18-10 (7-7), RPI: 47, SOS: 28] Couldn't get it done at Iowa, but did win at Northwestern to put 9-7 squarely in sight. Where does that leave the Boilermakers, though? Even if they beat Minnesota and Northwestern at home, that won't help the computer numbers. Nonconference wins over Virginia, DePaul and Oklahoma are solid, but not spectacular. The Boilers very well might need an upset in the B10 quarters to have a legit claim.
Michigan [19-10 (7-7), RPI: 55, SOS: 53] Well, Michigan did what it needed to do, winning at Minnesota to take control of its fate. The Wolverines have Michigan State and an already-wrapped-up-the-league Ohio State at home to close, so the chances are there. Win both and we can talk. There is no marquee win yet in the profile, and the Wolverines were splattered in several games against name opponents. A mediocre computer profile fueled by a lack of road wins isn't helping, either.
Iowa [16-12 (8-6), RPI: 80, SOS: 64] For the sake of being complete, we'll add Iowa, this season's Stanford. It's plausible that the Hawkeyes could get to 10-6 (at Penn State, vs. Illinois left), but where does that leave them after a gruesome nonconference performance where the best win was over ... Toledo? Iowa State? Cornell?? If they get to 10-6, we can start to look at what they need to do in the B10 tourney, although my gut sense is that they would need to make the final and have knocked off Ohio State or Wisconsin on the way to have any real claim.
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