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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 »
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The request was withdrawn after a chief restructuring officer appointed to represent the team’s owners said he no longer supports holding an auction.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 »
