Tom Hicks, the current majority owner the Texas Rangers, is expected to announce today his selection as the lead bidder for the purchase of the organization. In doing so, the bidder selected will have an exclusive negotiating window in which to close the sales agreement with Hicks. The news of Hicks planned announcement was first reported by the Dallas Morning News.
Multiple reports have come in that the group headed by Chuck Greenberg is sweetening their bid offer in an attempt to compete with Houston businessman, Jim Crane. Crane, once thought to be a non-contender, resurfaced over the last few days after reportedly offering more than Greenberg, or the other bidder, former agent, Bill Gilbert. If Crane were selected by Hicks, it is unclear on whether he would garner the requisite 75 percent vote by MLB’s 30 owners to complete the ownership transfer. Crane backed out of the purchase of the Houston Astros in the ‘90s at the 11th hour, something that still does not sit well within MLB’s ownership ranks.
(See profiles on each of the three bidders in the Rangers sale)
Look for a breaking news report, should Hicks make his selection on Tuesday
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