pregnant halloween costumes for couples asthma attack home remedies canada pills viagra nitrazepam dosage of pepto lopid 600 mg triglycerides high lortab 10 mg azithromycin 500 mg xeloda chemo side effects paxil withdrawal side effects fluoxetine 20 mg buy asacol side effects liver diroton 5mg valium prednisone withdrawal symptoms how long orlistat from mexico permethrin insecticide for fleas cialis made in india avana at the rim apartments bayer cialis 20 mg buy brand viagra prices pil perancang jasmin ic etodolac 500mg side effects is it safe to take diflucan during pregnancy amlodipine online pharmacy phentermine side effects depression erection pills for sale mesalamine medication for children primatene mist inhaler buy online floxin ear drops doctor estradiol blood test infertilityeszopiclone viagra en france paiement en cheque buy thyroxine online no prescription cyclidox capsules vs tablets vimax pills in pakistan price anxiety in children natural remedies antibiotics online pharmacy xanax addiction and withdrawal symptoms buy glipizide without prescription atenolol tab 25 mg side effects etodalac without a prescription seroquel 300 mg claritin d online furacin pomada indicaciones bisoprolol fumarate 10 mg tsan greenstone lipitor complaints 2013 viagra galaxy 8mg i want to buy 500 mg metronidazole hardon definition of communism neurocet nurofen elomet ointment mometasone furoate cream norlevo effectiveness of withdrawal method vimax malaysia testimoni female pink viagra 100mg bevispas tablets sale celexa reviews tadalafil online paypal sildenafil cipla india medicines misoprostol 200mcg intravaginal 0nline pharmacy metformin side effects metformin weight loss hatfield pa adderall and pregnancy studies doxepin for sleep vs ambien careprost bimatoprost ophthalmic solution paroxetine side effects treatment is obelit safe to take what is better lexapro or nortryptiline staxyn 10mg directions prednisone from austalia celecoxib capsules 200mg order norvasc online seroxat cr 12.5mg what is nitroglycerin used for low cost viagra generic zithromax overnight canada buproprion no prescription celexa withdrawal symptoms drug viagra for sell no prescriction prozac and weight loss drugs wo bekomme ich viagra kamagra 100mg reputable site citrate of magnesia colonoscopy omnicef side effects antibiotics toddlers ceftin antibiotic uses sildenafil citrate 100mg tab dont work arcoxia medicine drug nsaids buy clonazepam power viagra buying clomid uk indocin 50mg cap uses cheap isotretinoin viagra online echeck payment buy generic alegra d careprost for lashes from india fuenllana centro educativo la topamax for migraines in children ventolin hfa coupon viagra daily dosage nolvadex bodybuilding buy fluconazole original viagra viagra price in spain free birth control pills online aceon side effects benadryl side effects long term online prescriptions levitra cost kaiser 19 bactiver side effects amoxil 500 mg daily dosage misoprostol precio thyroxine 175 mcg no prescription prednisone and alcohol consumption canadian healthcare pharmacy review androgel testosterone gel lawsuits plavix patient assistance forms online pharmacies india can you get high off celebrex zofran online no prescription clopidogrel bisulfate side effects low cost cialis online synthroid samples buy tadalafil india viagra for sale online cheap reputable viagra sellers meclizine hydrochloride provera period is there a generic antabuse sildenafil sale benemid contraindications for ultrasound nach baliye con kosovarja gazeta shqiptare tirana chat links who has the cheapest levitra medameds viagra online liquid sildynafil berifen 100mg zoloft pletal cilostazol pletal megalis 20 medsindia comcast customer isotretinoin tablets buy imiquimod cream 5 side effects buy generic cialis generic cialis viagara for sale 1 gram azithromycin for sale sertraline hcl 100mg drugs herbal viagra tablets glucotrol side effects glipizide side qsymia reviews 2013 bupropion hcl xl 150mg side effects viagra lowest price reputable online pharmacies in canada phenergan dm promethazine dextromethorphanphentermine effexor side effects reviews doxycycline for humans and dogs entocort ec champix smoking medication antibiotics for pneumonia symptoms does viagra help treat bph clorfenamina tabletas mexitil contraindications of nitroglycerin rimadyl dosage for dogs 100mg achat solupred danazol and endometriosis trimetabol dosage of aspirin where to buy clomid in uk xenical weight loss pills minoxidil side effects topical year viagra came out cialis online ca zanaflex side effects doctor generic propecia kaufen enalapril for dogs 2.5 mg samonas therapeutic listening cds information on aciphex medication aciclovir tablets bp fungsi obat grafazol 500 metronidazole side wellbutrin online prescriptions dynamogen ampoules electriques amantadine poisoning symptoms ou acheter meprobamate condyline 5 acyclovir side effects zentel sirop prospect buy qsymia diet pills online esomeprazole side effects symptoms venlafaxine hcl er 37.5mg for anxiety when is cialis at its peak aciclovir canada furolin nitrofurantoin latisse coupon for pharmacy buy viagra uk online mesalamine medication rhine inc pharmacy promethazine without prescription purchase azithromycin from canada cardinal health jobs in arkansas feldene gel vistaril side effects anxiety lamisil foot cream for women therapy 2000 erection pills in india accutane from canada no rx discount brand viagra by pfizer amsa fast orlistat diet pills orlistat availabilty propecia 5 mg cvs toradol medication information qvc vitamix recipes free pastillas cialis valtrex no script viagra livraison rapide glucophage weight loss pcos gneric viagra ivermectin no rx trileptal dosage for children crestor prices at walgreens rogaine reviews women tretinoin cream 0.05 acne femara generic name celebrex generic brand lasix ohne rezept kaufen buspar information side effect grape seed and gyno paroxetine 15mg dostinex drug info septra side effects in children tabletten rosacea treatment cabgolin medicine dictionary navidoxine medicine dictionary cytotec for sale usa insurance companies rating imigran recovery usimiquimod ed drugs online from canada cheap thyroid drugs viagra cream for men international legal rx taking cialis without ed cheap ciealis acyclovir 800mg for cold sores use of pheromones in humans requip drug information asthma treatment algorithm misoprostol 200 mcg tablet myambutol medicine park cialis and androgel reviews morphine side effects treatment brand cialis cheap amoxicillin for sinus infection dosing canadian pharmacy estrace lorinol 10mg prednisone periactin 4mg german pharmacy online arthritis in hands and fingers isoptin verapamil dosages vigora hindi me viagra super force gel where can i get viagra stopping aricept side effects medication cialis best price online apcalis sx 20mg jellyfish sting gsk augmentin online 58 pharmacy rx one diprosone cream ointment for psoriasisdomperidone united pharmacy acivir 400 dt vendita cialis on line order elocon acheter viagra professionnel alli reviews 2012 canadian rx levitra buy adalat without prescription optimmune ophthalmic ointment for dogs in genetics what does carrier minoxidil foam minocycline acne treatment side effects la esquina cabo san lucas doxazosin medication dosage hydrodiuril contraindications for tpa canesoral reviews 50 purchase flagyl no prescription vicodin strengths 5 300 hydrocodone celexa weight gain celexa drug pheromones for men sale order hctz pills legal designer drugs for sale tylenol with codeine 3 sildenafil teva prijs cleocin side effects clindamycin genuine viagra for cheap viagra generic 100mg where to buy proventil inhaler medication real cialis cheap ranitidine 300 mg medication canada fda approved pharmacy variga advantage auto sales zolpidem tartrate 10 mg amoxil without prescription order pfizer genuine viagara amlodipine price claravis 40 mg pricing where to buy genuine kamagra sertraline india price thalidomide birth defects image seroxat antidepressant side effects e drugstog viagra zetia side effects zetia 10 mg to buy acivir pills from india viagra riff offs bonadoxina medicamentos natural viagra over the counter xanax side effects in dogs proscar finasteride dose colospa retard tablets can you buy atarax over the counter viamedic complaints against attorneys atarax 25mg medication cockapoo rescue california oculos boos where to buy proponal permethrin 5 cream over the counter fempro tablets sale amoxicillin 875 mg uses antivert medication 25 mg cialis 800 dilantin toxicity definition buy levitra without a prescription rx one pharmacy altace side effects with alcohol ciprotab 500mg metronidazole buspar without a prescription macrobid for utis rollbox toolbox avalide 150 12.5 side effects mercilon kesan sampingan in there a generic viagra oxybutynin hydrochloride topicalpanamycin cialis online pagamento alla consegna levitra 20mg paypal midamor amiloride hydrochlorothiazide nandian medice none prescription blycolin groep t ferility drugs for sale in canada cafergot tablets no rx lipvas 10 parcopa carbidopa levodopa 25 where can i buy thyroxine in n z lasix furosemide mail delisvey coversyl side effects doctor order online methylprednisolone 4mg prevacid 30 mg treatment vilches leon gto knife party frumil lsj inderal la 80 buy brand name viagra tricilest composition of the atmosphere zyvoxid spcollege effexor canada no prescription kamadravenditaon line ipharmacy md medication eldepryl 5mg insulin pump accessories obesity slogans what is anafranil 25mg use for tylenol 4 codeine order antibiotics express delivery terramycin eye ointment for humans viagra price costco cialis generico visa electron order viagra no prescription pharmacies neurotin purchase pay pal risperdal consta package insert femara drug fertility pharmacy support nizoral a d shampoo walmart furolin tablets computers buy antibiotics online securely amphetamine dextroamphetamine craigslist london medoflucon use paracetamol indication and action lopressor 50 mg picture buy diclofenac 50mg revatio generic launch is rx relief legitimate zyvoxid dose response valif erectile dysfuntion europe bactrim dosage for adults walmart viagra healthy male viagra reviews losartan 50 mg tab avalide side effects irbesartan drug garrigue definition valtrex buy on line in us levamisole wormer for poultry lopressor side effects drug buying cialis online legal prednisona efectos adversos de la periactin 4 mg best price in the uk grifulvin v overnight ceftin antibiotic and alcohol brand viagra cheap tretinoin cream 0.05 for wrinkles oxybutynin 10 mg tablets leponex tableta dejstvo marihuane bentyl medication 10mg where to buy drug seroquel lialda side effects mesalamine enema viagra brand cheap mentat mantra viagra and atrial fibrillation lantus patient assistance program forms risperdal consta injection appearance viagra for sale in uk cheap special care pharmacy puerto rico donde comprar cialis generico oxazepam us brand name health pills ship overnight where can i buy alli diet pill desyrel side effects dose asacol medication assistance program good generic cialis made in india acnelyse cream information literacy viagra 100mg price walmart esquina singapore sildenafilo teva buy albuterol sulfate inhaler online generic cialis one a day xenical on ebay betnovate n cream on sale glucovance side effects glyburide xeloda 500mg capecitabine unisom sleep aid is bactroban over the counter or prescription insulin injection sites for children citalopram reviews for anxiety finasteride dosage where to buy retin a cream purchase viagra fast in australia abilify patient assistance program forms free azithromycin online bactrim ds no prescription flagyl side effects in women colcrys 0.6mg tablets yasmin without a prescription docycline no prescription pharmacy metformin from canada diltiazem 120 mg extended release diltiazem 120 mg tab teva buy cialis clomid epamin 100 mg shortage in mexico roaccutane uk viagra express delivery tamsulosin 0.4 mg en espanol buy lybrel uk taking two 5mg cialis daily tablets cialis buy pyridium dosage for dogs rapidtabs legal separation viagra generic no pescription antibiotics for tooth infection after extraction promethazine codeine for sale nexium over the counter price saw palmetto kaufen catafast powder valley capoten drug class augmentin side effects decadron steroids side effects methylprednisolone canada no prescption flagyl pediatrico clavamox no without prescription claritin d side effects loratadine valium 10mg street value viagra ohne rezept pay pal overseas viagra bystolic supply shortage viagra naturale sofilex 250 cheap viagra online from canada synthroid dosage chart buy passion rx uk birth control aviane reviews onlie pharmacy with echeck keflex antibiotic information cephalexin is celebrex available over the counter zyprexa 10mg and weight gain escitalopram 20 mg tablet valtrex side effects valacyclovir confido side effects cabergoline weight loss buy cheap bupropion 150mg in usa lotemax eye drops generic tadalafil 10 mg tablets good price podofilox 0.5 solution or gel rimonabant weight loss drug prandin repaglinide tablets ospamox antibiotic prospect trental medication misoprostol dosage for miscarriage order viagra online canada buy prednisone online no rx canada phentermine information where to buy zestril generic form lumigan discount coupons
Home MLB News MLB Club Sales HICKS SPORTS GROUP COMPLETES SALE OF TEXAS RANGERS TO GREENBERG-RYAN

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 1066 guests online

Atom RSS

HICKS SPORTS GROUP COMPLETES SALE OF TEXAS RANGERS TO GREENBERG-RYAN PDF Print E-mail
User Rating: / 13
PoorBest 
MLB Club Sales
Written by Maury Brown   
Saturday, 23 January 2010 21:07

Rangers


UPDATE (9:45pm ET). Hicks Sports Group released the fiollowing statement:

Hicks Sports Group LLC announced today that it has reached a definitive agreement to sell the Texas Rangers franchise to Rangers Baseball Express LLC, an investment group headed by Pittsburgh attorney Chuck Greenberg and Nolan Ryan, the legendary pitcher who now serves as president of Texas Rangers Baseball Partners. The agreement represents completion of the second major step to sell the team. It is still subject to approval by Major League Baseball and certain lending institutions, as well as completion of financing.
“Together, we have worked exhaustively since last month to attain this agreement,” said Tom Hicks whose family controls Hicks Sports Group. “It’s a complex business deal that positions the franchise positively for the future.”
In a separate transaction, Ballpark Real Estate, L.P., an independent investment vehicle controlled by Hicks, entered into an agreement to sell or transfer to the Greenberg-Ryan group approximately 153 of the 195 acres around the Ballpark and Cowboys Stadium that is owned or controlled by Ballpark Real Estate or the Hicks family. In return for the transferred land, Ballpark Real Estate will receive cash, notes, and an ownership position in the team.
Greenberg will serve as the Managing Partner and CEO of Rangers Baseball Express while Ryan will continue in his role as President. Co-lead investments in Rangers Baseball Express will be made by Ray Davis of Dallas and the family of Bob and Janice Simpson of Ft. Worth. Ray Davis and Bob Simpson will serve as Co-Chairmen of the Board of Rangers Baseball Express. Greenberg has asked Hicks to continue his association with the Club as Chairman Emeritus.
“Nolan and I greatly appreciate Tom Hicks’ willingness to work beyond the deadline to complete the deal and his support for passing the torch from the Hicks family to our group,” said Greenberg. “His actions speak eloquently to his commitment to serve the best interests of Rangers fans and the community.” "We are fortunate to be assuming the stewardship of a franchise poised for greatness,” Greenberg added. “The tremendous foundation of talent that has been assembled on both the major and minor league levels, combined with our passionate commitment to achieve excellence in every facet of the organization's operation, and the pent-up thirst for success we observe from our fans every day, creates the opportunity for the Rangers to become one of the great franchises in baseball.”
Hicks and Greenberg both expressed their appreciation for the efforts of MLB, particularly the Commissioner of Baseball, Bud Selig, for facilitating this stage of the transaction.
Because the transaction is still subject to MLB approval and other matters, specific terms were not announced. The deal could be completed by April.
“In the short-term,” said Hicks, “Chuck, Nolan and I will focus our attention not only on the transaction but on making sure the Club operates in a business-as-usual manner. Pitchers and catchers report in just 26 days.”
“The efforts of the last few years are evident in the very positive direction in which the Rangers are heading,” said Ryan. “We look forward to continuing that work for the 2010 season and beyond. I am excited to have the opportunity to be a part of this organization as we go forward.”
Bank of America Merrill Lynch, Raine Advisors and Perrella Weinberg Partners LP served as financial advisors, and Weil, Gotshal & Manges LLP served as legal counsel, to Hicks Sports Group. McGuire, Craddock & Strother, P.C. served as real estate counsel and Cousins Properties Services LP served as a real estate consultant to Ballpark Real Estate.
For the buyers, Rangers Baseball Express, Evolution Media Capital and CAA Sports Media Venture served as financial advisors, and Foley & Lardner LLP and Sherrard, German & Kelly, P.C. served as legal counsel. Leib Advisors served as the tax and accounting advisors to the buyer.


UPDATE (9:40PM ET): Jeff Wilson reports:

The deal, according to sources, cuts owner Tom Hicks almost entirely out of the picture. He will be a partner with Greenberg and Ryan, but his ownership share will be very small, sources said, and his spot on the new board of directors is in question.

While the percentage is not indicated, the lowest amount of minority ownership for HSG would need to remain at 5 percent or higher for tax avoidance purposes. Below that figure, and HSG would pay tax as if it were a straight cash sale. This action was done most recently with the sale of the Chicago Cubs.


THIS IS BREAKING NEWS...

A source to The Biz of Baseball, plus this report by MLB.com's T.R. Sullivan, indicates that the sale agreement between Hicks Sports Group and the ownership group headed by Pittsburgh attorney Chuck Greenberg and current Rangers president Nolan Ryan has been completed, with official news coming from the Greenberg/Ryan group shortly.

According to Sullivan, the deal needs approval by the creditors of HSG. It would also need approval by 75 percent of the league's 30 owners, which could be done by conference call.

More news as it becomes available


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?