July 30, 2010 at 1:18 p.m.
Filed under:
Bankruptcy,
Sports
By 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 at a hearing on Friday that he supports the new offer, according to a person who attended the hearing by telephone. Get the full story »
July 9, 2010 at 1:04 p.m.
Filed under:
Bankruptcy,
Sports
By Dow Jones Newswires
The Texas Rangers may be off the auction block, at least for now, after the baseball team withdrew its request to allow rival bidders to challenge a $575 million offer from a group of investors that include Hall of Fame pitcher Nolan Ryan.
The request was withdrawn after a chief restructuring officer appointed to represent the team’s owners said he no longer supports holding an auction. Get the full story »