This is breaking news...
The 30-day exclusive negotiating window between Hicks Sports Group and the Chuck Greenberg/Nolan Ryan group expired today on the sale of the Texas Rangers. While the parties had targeted the date to reach conclusion, the sales agreement was not reached.
The following joint statement was released by Chuck Greenberg and Nolan Ryan regarding their negotiations to purchase the Texas Rangers:
Tonight, as the exclusive negotiating period announced on December 15 by Hicks Sports Group (HSG) expires, we are on the verge of an agreement that would provide Tom Hicks the value he seeks and the Texas Rangers the resources to become champions.
We have made extraordinary progress the last couple of weeks and have come too far to walk away now. We are fully committed and prepared to work around the clock if that’s what it takes to reach a final agreement. We are at a point where deals get done as long as both parties share a desire to cross the finish line together. There just isn't much left to resolve.
With the continued cooperation of Tom Hicks and HSG, we are certain an agreement can be finalized so we can immediately get to work on delivering the success this franchise and its fans deserve.
More news as it becomes available
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