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Sports See other Sports Articles Title: Texas Rangers File for Bankruptcy
Source:
forbes.com
URL Source: http://blogs.forbes.com/sportsmoney ... ?boxes=businesschannelsections
Published: May 24, 2010
Author: Michael K. Ozanian
Post Date: 2010-05-24 12:31:44 by reaganisright
Keywords: Texas, Baseball, Bankruptcy Views: 1273
Comments: 4
The Texas Rangers have filed for bankruptcy protection. It did not have to come to this. But by favoring a sale of the team from Tom Hicks to a group led by Chuck Greenberg and Nolan Ryan rather than a richer, better capitalized deal that was being offered, Major League Baseball angered Hicks' creditors who stood to get shafted by the sale to the Greenberg group. Now the Greenberg deal is dead, Tom Hicks is reeling from an insane amount of debt and MLB may have to fund the team like it did last season. One must ask: What was Commissioner Bud Selig thinking?
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If I could, I would. But I can't, so I won't.
For approximately 72K, BP Oil bought Owe-bama. And as President, he let them Spill, Baby, Spill! Its documented.
#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace
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