Texas Rangers Call it quits 0
The owners of Texas Rangers have files for Chapter 11 in the Dallas Bankruptcy court. Texas Rangers are a prominent baseball club in Texas which is led by Tom Hicks and Hicks Sports Group to Chuck Greenberg and Nolan Ryan.
The owners are in a huge debt and plan to sell the team for 575 million dollars to pay off the creditors and the lease standing on the ballpark in Arlingtom. The deal was made around the beginning of this year but disputes arising from creditors stopped the deal from seeing through. Thou the fans of Texas Rangers have confidence in them, the team needs resources to compete in MLB this season and which was not possible without a sale to the Greenberg-Ryan group. Many speculators regretted the unavailability of Tom Hick, who would have stopped the sale from happening.
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