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Texas Rangers file for bankruptcy
Forbes ^ | 5/24/2010 | Michael Ozanian

Posted on 05/24/2010 9:18:47 AM PDT by cowtowney

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?

(Excerpt) Read more at blogs.forbes.com ...


TOPICS: Culture/Society; News/Current Events; US: Texas
KEYWORDS: baseball; rangers; texasrangers
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1 posted on 05/24/2010 9:18:47 AM PDT by cowtowney
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To: cowtowney

W’s fault.


2 posted on 05/24/2010 9:19:30 AM PDT by Paladin2
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To: cowtowney

Bush’s fault! hee, hee


3 posted on 05/24/2010 9:20:05 AM PDT by C19fan
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To: cowtowney

also here:

http://texas.rangers.mlb.com/news/article.jsp?ymd=20100524&content_id=10392002&vkey=news_tex&fext=.jsp&c_id=tex


4 posted on 05/24/2010 9:20:57 AM PDT by cowtowney
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To: Paladin2

“W’s fault.”

Always to a democrap!


5 posted on 05/24/2010 9:21:11 AM PDT by rj45mis
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To: cowtowney

Another “To Big to Fail”??????


6 posted on 05/24/2010 9:21:49 AM PDT by RC2
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To: Paladin2

Actually, it’s “lack of W’s” fault. Even the Cubs have more pennants than the Rangers.


7 posted on 05/24/2010 9:23:08 AM PDT by nhoward14 (A mind is a terrible thing to waste. That is why Obama gave his away.)
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To: rj45mis

Doesn’t M. Levin claim that they are one and the same?


8 posted on 05/24/2010 9:23:25 AM PDT by Paladin2
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To: cowtowney

Ozanian says the deal with Greenburg is dead, but that’s not at all clear.


9 posted on 05/24/2010 9:23:34 AM PDT by cowtowney
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To: cowtowney

I thought the Detroit Lions would be the first sports franchise to file for bankruptcy.


10 posted on 05/24/2010 9:23:54 AM PDT by barmag25
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To: barmag25; cripplecreek

The Detroit Lions are ford Motor Company’s “loss leader”. They will always be around.


11 posted on 05/24/2010 9:25:32 AM PDT by Cletus.D.Yokel (FreepMail me if you want on the Bourbon ping list!)
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To: cowtowney; All

LMAO, not a big fan of Bush here, but you guys are right on target. The “Obama Defense” has to be just around the corner with regard to this matter.

I can hear it now, 2011, Obama still blaming Bush, and the media still posed with it’s collective nose in forbidden places.


12 posted on 05/24/2010 9:25:46 AM PDT by DoughtyOne (J. D. Hayworth, the next Senator, the Great State of Arizona - Sen. Poopdeck, Panama is calling...)
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To: cowtowney
One must ask: What was Commissioner Bud Selig thinking?

Bud Selig is a feckless jerk and one of the worst MLB commissioners ever. Has he bowed down to the libs in their demand to move the 2011 All-Star game from Arizona yet?

13 posted on 05/24/2010 9:26:20 AM PDT by frogjerk (I believe in unicorns, fairies and pro-life Democrats.)
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To: cowtowney

I guess they shouldn’t have paid Chuck Noris all that money.


14 posted on 05/24/2010 9:26:35 AM PDT by Dayman (My 1919a4 is named Charlotte. When I light her up she has the voice of an angel.)
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To: cowtowney

The writer was generous — he used the words “thinking” and “Bud Selig” in the same sentence. Seems a stretch to me...


15 posted on 05/24/2010 9:26:42 AM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: cowtowney
you know I'm not a sports guy when my first thought is...


16 posted on 05/24/2010 9:29:19 AM PDT by Optimist (I think I'm beginning to see a pattern here.)
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To: cowtowney

Shoosh, if this had happened a few years ago the Rangers could have had a shot at returning to Washington DC as the Senators. I really don’t think DC is a two baseball team kind of city. The Rangers own all the Senator’s pennants and historical items, I wonder if they would sell them to the Nationals?


17 posted on 05/24/2010 9:30:06 AM PDT by equalitybeforethelaw
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To: cowtowney
Q: "What was Commissioner Bud Selig thinking?"

A: "How does my hair look?"


18 posted on 05/24/2010 9:30:59 AM PDT by incredulous joe
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To: frogjerk
Last I heard Selig told them to go pound sand and the game is on for Arizona.

Hope he doesn’t cave..However plenty of time left for that .

19 posted on 05/24/2010 9:31:07 AM PDT by Col Frank Slade
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To: Paladin2; C19fan

Definitely Bush’s fault. He never should have traded Sammy Sosa!


20 posted on 05/24/2010 9:31:39 AM PDT by Hoodat (.For the weapons of our warfare are mighty in God for pulling down strongholds.)
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