4:00pm - Evan Grant of the Dallas Morning News reports that, "Via email, current Rangers owner Tom Hicks said he would decide by the end of the day on a potential ownership group with which to begin exclusive negotiations on the sale of the Rangers."
Commissioner Selig said in a conference call that today was a āhard and fast deadlineā for current Texas Rangers owner Tom Hicks to make a decision on who would enter an exclusive negotiating window for the purchase of the club.
Selig said that the league had been pursuing today for notification by Hicks, āunless there are some factors, that frankly, need another day or two.ā
The final three bidders include Pittsburgh attorney Chuck Greenberg, whoās group includes current Rangers president Nolan Ryan, former sports agent Dennis Gilbert, and Houston businessman Jim Crane, who was initially thought to be out of the running, but upon resubmitting his bid, is said to have jumped up as a frontrunner due to the high bid figure.
Selig mentioned that there had already been updates from Hicks this morning on the selection process, and that the sale process was nearing an end.
"Clearly, we are moving toward a conclusion to this process, one way or another."
More details on the sale of the Rangers forthcoming as they are made available.
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