Bidders Looking To Buy MLB Rangers Will Meet With Management
 |
Ryan Reportedly Part Of
Group Bidding For Rangers |
The groups interested in buying the MLB Rangers from current Owner Tom Hicks will meet with the team's management next week "as they prepare their bids," according to sources cited by Ben Klayman of REUTERS. Sources said that the goal is to "have a winner identified by late November and a sale completed by year end." But a timeline to sell the team is "not set in stone." Analysts indicated that the Rangers are "expected to attract bids" of $500-550M. Potential buyers include Crane Worldwide Logistics Founder Jim Crane, Pittsburgh sports attorney Chuck Greenberg and White Sox Special Assistant to the Chair and former MLB agent Dennis Gilbert. Greenberg's group is believed to include Rangers President Nolan Ryan. Crane earlier this year bid to buy the Cubs. A fourth unidentified group "has been approved by baseball officials to view the Rangers finances, but sources said that group is not viewed as seriously as the others" (REUTERS, 10/15). In Ft. Worth, Barry Shlachter cites a source as saying that that neither Hicks nor Ryan will "meet with the bidders." The three groups instead "apparently will receive a presentation on Rangers operations" from GM Josh Daniels, team attorneys, accountants and "other front-office employees." A source said that all bidders "have been given access to secured Web pages containing detailed team information, including financial data, contracts and agreements." Shlachter notes it remains unclear "how seriously bidders are taking various signals from Hicks' camp that he would somehow like to hold onto a stake, if not majority control, of the Rangers" (FT. WORTH STAR-TELEGRAM, 10/16).
|
Related Stories By Company
|
Related Stories By Sport
|
Hicks Hopes To Remain Rangers Majority Owner
November 19, 2009 :
SportsBusiness Daily
Dennis Gilbert Meets With Rangers Officials
October 29, 2009 :
SportsBusiness Daily
Three MLB Rangers Bidders Identified
September 24, 2009 :
SportsBusiness Daily
Dennis Gilbert Makes Bid For MLB Rangers
September 22, 2009 :
SportsBusiness Daily
MLB Rangers Planning To Close Museum
September 16, 2009 :
SportsBusiness Daily
|
Boras, Manfred Talk About Finances Escalate
November 20, 2009 :
SportsBusiness Daily
Selig: Concerns Around Economy Still Exist
November 20, 2009 :
SportsBusiness Daily
MasterCard Present At WS DVD Premiere
November 20, 2009 :
SportsBusiness Daily
Hicks Hopes To Remain Rangers Majority Owner
November 19, 2009 :
SportsBusiness Daily
Selig Committed To Condensing Playoffs
November 19, 2009 :
SportsBusiness Daily
|
|
