kan man kopa Dulcolax i italien kopa Abilify kina Xenical med snabb leverans kopa Ophthacare orifarm kopa Eurax pa ica kopa Dulcolax internet Haldol oral jelly kopa Sinemet bestalla container vart bestalla Arcoxia kopa Citalopram 50mg dosering Bupropion k var kopa akta Flagyl ER bestalla Cefixime fran thailand Cytoxan forsta dos Amoxil nervositet dos kopa Zestril apotek kan man kopa Venlor pa apoteket i spanien kan man kopa Strattera pa apotek bestalla Diabecon olagligt Anafranil migran dosering pris hyra container Topamax Copegus forsta dos kopa Bactrim turkiet kopa Glycomet forum Oxytrol dosering vuxen recept for Femcare kopa Celadrin sverige kan man kopa Lioresal pa apotek kop Tetracycline utan recept bestalla Atorlip-20 pa natet Lipotrexate tabletter pris sverige kopa Micardis online 2013 kopa Nicotinell online 2012 kopa riktig Prednisolone saker sida att kopa Pariet vart ska man kopa Top Avana kan man kopa Nitrofurantoin receptfritt pris pa Nicotinell i turkiet kopa Zyrtec i kroatien Trental kopa online Xenical rekommenderad dos lagsta pris pa Rizact kopa Purim online 2012 kan man kopa Actonel i kroatien kopa Indinavir budapest kopa Actos pa ica kopa Casodex billig kopa Prevacid super active kan man kopa Levitra pa apoteket i sverige Cytotec snabb leverans sverige bestalla Ponstel pa internet kopa Sinemet 400 mg Cholestoplex pris apoteket hjartat kopa Allegra i bangkok skaffa recept till Voveran Avalide utan recept Precose utan recept Himcolin duo leverans basta stallet att kopa Ginseng pa kopa Flexisyn pa natet flashback kan man kopa Diclofenac i kroatien Sumycin kram pris kan man kopa Diabecon pa apoteket i spanien farligt kopa Benicar pa natet behovs recept for Xeloda ar det farligt att kopa Ophthacare pa natet kopa Proscar i frankrike kan man kopa Elimite spanien Tulasi migran dosering kopa Biaxin teneriffa kopa Metformin tyskland pris Nicotinell sverige kopa Epivir-HBV sverige Floxin dosering lunginflammation behovs recept for Vermox kopa Propranolol i lettland snabb leverans av Moduretic Tamoxifen pris gatan kopa generisk Ampicillin online Nicotinell dosering halsfluss kopa generisk Myambutol online kopa Dipyridamole for tjejer kopa Etodolac pa teneriffa kopa Paroxetine inom eu var kan man kopa Fluoxetine receptfritt var ska man kopa Erexin-V hyra container Lotensin pris bestalla hem Advair kopa Omnicef i barcelona Actonel dosering somn vad kostar Zenegra med recept pris pa Zocor sverige eljo Dipyridamole uttag pris pris Baclofen turkiet kopa Alesse receptfritt bestalla Yougara england kopa Proscar 100mg rekommenderad dos Topamax flytande Flomax dosering Meclizine till hund dosering kopa Avapro malmo Purim och traning dosering Himcocid dos forsta gangen Bactroban saker leverans kopa Amoxil i sverige forum Epivir-HBV usa kopa vagar man kopa Cabgolin pa natet dodlig dos Alavert kopa Risperdal pa natet lagligt kopa Speman i ungern kopa Kytril sverige 2012 var kan man kopa Imdur sakert Doxazosin flytande dosering kopa Amoxil i sverige flashback Evecare dosering urinvagsinfektion snabb leverans Geriforte kopa Voltaren pa natet olagligt behover man recept for Alli Cozaar pa natet utan recept kopa Propecia prag kopa Fertomid flashback 2015 Cafergot jelly snabb leverans kopa Coreg malmo Amoxil utan recept spanien bra stalle att kopa Cardura kan man kopa Mircette pa mallorca dodlig dos av Liponexol Robaxin online snabb leverans Diflucan hog dos Nolvadex pris sverige bestalla Diflucan Charboleps sverige snabb leverans generisk Rogaine 5 i sverige Lopressor utan recept i sverige hur ska man kopa Nicotinell lagligt bestalla Allegra sakert att kopa Prednisone pa natet hur far man recept pa Moduretic kan man kopa Rumalaya i frankrike ar det olagligt att bestalla Elavil pris pa Zyprexa sverige pris pa Triamterene i turkiet Zyvox pa recept kopa Arcoxia sakert funkar generisk Augmentin pris Phexin apotek hjartat kopa Meclizine i tallin kan man kopa Actoplus receptfritt i danmark kopa Fucidin lagligt pa natet kopa Zyloprim tallinn Naltrexone online snabb leverans var kopa Grifulvin V pa natet bestalla Ceftin lagligt lagligt kopa Ayurslim dodlig dos av Hyzaar kopa Imdur i tallinn viagra Nizoral kopa generisk Eulexin i sverige Prednisone nervositet dosering ar det recept pa Bentyl hur bestalla Zestoretic kopa Erythromycin pa natet sverige Ventolin jelly kopa kopa Requip tallinn hur ska man kopa Desyrel hur stor dos Forzest ska man ta bestalla Altace lagligt kopa billiga Vasodilan kopa akta Minocycline pa natet kopa Lamisil pa ica kopa Tadalis tyskland kan man kopa Aristocort i kroatien snabb leverans Bactroban kopa Ashwagandha online flashback kopa generisk Phexin kopa Zovirax i egypten kan man kopa Seroflo pa apotek hur kan man kopa Suhagra bestalla bla Liponexol kopa Depakote i tyskland billig Alli sverige kopa Ditropan phuket kan man kopa Diakof receptfritt pa apoteket kopa Naltrexone tyskland kopa generic Lukol Silagra for kvinnor pris Neurontin 10 mg kopa kopa Cephalexin kina kopa Finast sakert pa natet Diclofenac kopa online Ranitidine saker leverans pris for Dipyridamole kopa Paxil pa natet billigt Uroxatral kram pris kopa Tretinoin mot faktura bestalla Prilosec flashback eljo Trileptal uttag pris pris pa Benemid sverige kopa Provera i grekland Slim Tea utan recept i sverige bestalla Sominex fran thailand Sumycin lag dos kopa Suprax i bulgarien kopa Diabecon pa natet lagligt sakra sidor att kopa Pariet Betapace pris apotek sverige bestalla Estrace for kvinnor vill du kopa Propranolol kopa generic Oxytrol kopa Gasex internet kopa Prinivil i italien kan man kopa Styplon thailand kopa Ashwagandha butik fungerar generisk Levothroid bra sida att kopa Saw Palmetto Celexa pris pa apoteket svart att fa recept pa Amoxil Metoclopramide strombrytare pris tips kopa Lithium bestalla Effexor pa natet flashback kopa Cleocin mot postforskott hur bestalla Himplasia Sumycin pris apotek sverige kopa Xenical 50mg kopa Triamterene fran turkiet Speman kopa bestalla Prazosin i sverige Levlen vilken dos kopa Actonel i bangkok pris hyra container Dipyridamole kopa eljo Celexa maste man ha recept for att kopa Arava bestalla Zyvox online vad kostar Amantadine med recept maste man ha recept pa Neurontin Remeron oral jelly kopa rekommenderad dos Cyklokapron kopa Levitra 100mg maste man ha recept for att kopa V-gel Cytotec dosering till hund kopa Paroxetine super active bestalla Beconase AQ inrikes Myambutol 10 mg kopa farligt kopa Sumycin pa natet vad kostar Oxytrol pa recept Citalopram gel pa recept kopa Cephalexin flashback 2013 kan man kopa Lipothin i tyskland kopa Amaryl tjeckien kan man kopa Shuddha pa apoteket sakert stalle att kopa Bupron SR vaga kopa Ponstel pa natet kopa Cleocin goteborg Colchicine eljo pris vilka lander kan man kopa Sildalis receptfritt bestalla container Tretinoin goteborg saker sida att kopa Dilantin kopa Gasex pa natet olagligt kopa Silvitra 2013 kopa Wellbutrin i danmark Apcalis vet dosering tips kopa Torsemide Suhagra liniment pris kopa Dulcolax patong kan man kopa Omnicef i italien Lynoral dosering angest Paxil oral losning pris kopa Acticin duo sakra sidor att kopa Moduretic kan man kopa Casodex pa teneriffa maste man ha recept pa Paxil kopa Stromectol prag kan man kopa Roxithromycin i frankrike kopa Glucophage inrikes kopa Levothroid pa natet flashback Xenical sverige snabb leverans bestalla Pyridium online flashback Vasotec pris apoteket kopa Detrol fran england kopa kvinnlig Naltrexone kopa Micardis i grekland kan man kopa Unisom pa mallorca kopa Zetia amsterdam cialis modalita d'usokopa Singulair postforskott flytande Zocor dosering skaffa recept till Propranolol kopa Coreg utan recept behovs recept for Pletal i spanien dosering Exelon till hund bestalla billig Lasix kopa eljo Lotrisone kopa Prednisone online kopa Viramune i lettland kopa Advair thailand Valtrex 100 billig kopa Cytotec 400 mg pris for Evecare Eulexin for kvinnor pris kopa Cytoxan i stockholm kopa Lincocin pa apotek kop Florinef utan recept var bestalla Astelin Tadacip hur stor dos ar det olagligt att kopa Lanoxin pa natet kopa Urispas super active hur kopa Gyne-lotrimin kopa laglig Tadacip kopa Advair gran canaria lagligt att kopa Cefadroxil pa natet billig Motilium snabb leverans pris Olanzapine apotek hjartat ar det lagligt att kopa Beconase AQ hur far man recept pa Naprosyn kopa Shuddha i turkiet kopa Xalatan utomlands kopa Colchicine gel kopa Bactrim kram kan man kopa Sarafem pa teneriffa Ceftin pris sverige Indocin recept kopa Sumycin 400 mg kan man kopa Cymbalta i grekland hur bestalla Benzac kan man kopa Zaditor pa ica pris pa Anafranil i turkiet Arava strombrytare pris kopa Toradol goteborg olagligt att kopa Robaxin kopa Bupropion inom sverige kan man kopa Aldactone pa ica bestalla Carafate england kopa Medrol apotek kan man kopa Plendil thailand hur stor dos Chloromycetin ska man ta eljo Moduretic basta pris Fincar k dosering kopa Rogaine 5 spanien bestalla Sumycin online billig Effexor pa natet kopa Malegra inom eu Doxazosin recept kan man kopa Crestor spanien kopa Luvox usa Zithromax dosering till hund forsaljning av Atorlip-5 Arava gel pa recept kan man bestalla Epivir-HBV bestalla container Cipro goteborg kopa Bupron SR billig kopa Decadron online billigt kan man kopa Promethazine i italien Claritin generisk Claritin skillnad Serevent snabbast leverans kopa Clindamycin pa natet lagligt bestalla bla Indocin kopa Betapace i grekland bestalla Ayurslim till sverige kopa Lopid 10 mg Ampicillin kopa flashback bestalla Ciplox england kan man kopa Avapro pa ica bestalla Zyprexa pulver Nizagara bestalla hur bestalla Zofran kopa Lopid tallinn kopa Citalopram i eu hyra container Bactroban pris kopa Kytril for kvinnor kopa Carafate i butik stockholm Diflucan dos nervositet lagre pris pa Prinivil vart kan man kopa Hytrin kopa akta Prilosec pa natet flytande Ayurslim dos kopa Cafergot 50mg lagligt att bestalla Femara kopa billigt Differin var kopa akta Benzac kopa billig Risperdal bestalla Benzac 2012 kopa Betnovate phuket var ska man kopa Unisom Anafranil 10 mg kopa kan man kopa Medrol i usa generisk Astelin biverkningar var kan man bestalla Floxin Lopid dosering vuxna kopa Zantac tyskland att kopa Indocin i sverige for hog dos Micardis kopa Benfotiamine fran sverige kopa Bactroban patong Tegretol kapslar pris kopa billigt Sumycin kopa Trial Erection packs i prag Arava migran dosering ar det olagligt att bestalla Metformin Allopurinol pris pa gatan kan man kopa Ophthacare i thailand billig Ampicillin pa natet kopa Benemid i bulgarien Zetia rapid recept kopa Topamax goteborg kopa Zovirax estland Altace till katt dosering Lozol flashback kopa Deltasone oral losning dosering bestalla Emsam till sverige kopa Feldene orifarm kopa Zyban i ungern kopa Stromectol i ungern kan man kopa Kytril i tyskland kopa Big Appeal billig kopa Duphalac lagligt pa natet kan man kopa Sarafem i spanien hur kopa Alli kopa Cardizem original kopa Prandin i helsingborg bestalla Bonnispaz pa faktura Doxycycline tabletter pris sverige Feldene pa recept kan man kopa Aristocort i usa bestalla Diltiazem for kvinnor kopa Colchicine fran sverige kopa Himcolin i tallin kan man kopa Voveran i usa Colchicine utan recept spanien Zestoretic kopa apoteket kopa Compazine i lettland ar det sakert att kopa Avalide pa natet kan man kopa Celexa receptfritt hur bestalla Levlen kopa Fluoxetine pa teneriffa kopa Cytoxan jelly Probalan dosering lunginflammation kan man kopa Lisinopril i frankrike hur kan man kopa Fosamax lagligt kopa Roxithromycin kopa Trial Erection packs fran sverige kan man kopa Brahmi pa teneriffa bestalla Arcoxia i sverige kopa Claritin pa mallorca Xenical migran dos Betnovate dosering vuxen pris hyra container Saw Palmetto snabb leverans pa Strattera kopa Unisom 10mg Minocycline op recept fungerar generisk Flexisyn vill du kopa Yasmin kan man kopa Diabecon i tyskland Atrovent dosering urinvagsinfektion kopa billigaste Flomax kopa Methotrexate i london Prograf dos urinvagsinfektion kopa Duphalac i grekland bestalla container Differin bestalla Aciphex olagligt dosering Diovan till hund forsaljning av Lariam pris pa Cardura i sverige kopa bla Promethazine Tadapox kopa pa natet pris pa Danazol pa apoteket viagra Wellbutrin kopa vad kan man kopa Prevacid Mircette forsta dos kopa Finast butik kopa Mobic i stockholm Danazol pris apotek sverige kopa Levothroid i turkiet kopa Claritin phuket kopa Methotrexate i sverige forum kan man kopa Zyban i sverige kopa billigaste Deltasone kan man bestalla Decadron olagligt att kopa Detrol kan man kopa Renagel i england vem vill kopa Sinemet Topamax kopa online Inderal rekommenderad dos kopa Cafergot i malmo kopa Ranitidine i italien dosering Lariam till hund kan man kopa Chloroquine receptfritt i danmark kopa Xenical i helsingborg Suhagra oral losning dosering kan man kopa Singulair i england Rizact turkiet pris Proventil 100 billig Duphalac migran dosering bestalla billig Aleve bestalla container Apcalis goteborg var kan man kopa Cleocin duo billig Lincocin pa natet var ska man kopa Styplon pris for Keppra kan man bestalla Motrin kopa Norvasc butik kopa Diovan i vietnam
Home MLB News MLB Club Sales Texas Rangers Voluntarily Go Into Chapter 11 Bankruptcy to Finish Sale to Greenberg/Ryan Group

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 543 guests online

Atom RSS

Texas Rangers Voluntarily Go Into Chapter 11 Bankruptcy to Finish Sale to Greenberg/Ryan Group PDF Print E-mail
User Rating: / 25
PoorBest 
MLB Club Sales
Written by Maury Brown   
Monday, 24 May 2010 10:19

Texas Rangers

THIS IS BREAKING NEWS...

Texas Rangers Baseball Partners, the current owners of the Texas Rangers Baseball Club, and Rangers Baseball Express, the local investor group led by team president Nolan Ryan and Chuck Greenberg, today announced a plan to facilitate completion of the previously announced sale of the Club to the Greenberg-Ryan group.  The sale of the Club and its lease of the Rangers Ballpark in Arlington, together with the separate sale of the land around the Ballpark, have an aggregate transaction value of approximately $575 million.

The Rangers sale will be accomplished through a voluntary, “prepackaged,” court-supervised process under Chapter 11 of the U.S. Bankruptcy Code pursuant to a plan previously negotiated and agreed to by the current Rangers owners and the Greenberg-Ryan group.  The prepackaged plan, which is supported by Major League Baseball, current Rangers ownership, and the Greenberg-Ryan group, provides sufficient sale proceeds for the Rangers creditors to recover 100 percent of the portion of HSG Sports Group’s debt that is guaranteed by the Rangers and for all Rangers creditors to be paid in full.

Texas Rangers Baseball Partners has requested that a hearing be held in 45 days to confirm the proposed sale and plan of reorganization.  The sale is expected to be completed by mid-summer, subject to court approval, which will then allow the franchise to exit the Chapter 11 process.

It should be noted, Hicks Sports Group, the holding company that is attempting to complete the sale to the Greenberg/Ryan group is $525 million in debt to 40 creditors. Those creditors and HSG have been at a stalemate over the sale for months. The latest restructure plan by Texas Rangers Baseball Partners, with MLB's blessing, was not made known to the creditors in advance of the announcement today. With the plan ostensibly fulfilling the debt surrounding the Rangers sale, it is unknown what legal footing the creditors have in chellenging the move.

“This plan to complete the sale of the Texas Rangers serves the best interests of the team, its fans, MLB and all other parties involved,” said Baseball Commissioner Allan H. (Bud) Selig.  “This agreement assures an orderly process to expeditiously transfer Rangers ownership to the Greenberg-Ryan group, and it protects the franchise’s baseball operations.  Rangers fans can have confidence that their team has the resources it needs to compete.  Clearly, this could not and would not have happened without Tom Hicks’ leadership and hard work over a long period of time.”

This process and sale are expected to have no impact on Rangers baseball operations.  While the sale is being completed, the current owners will continue to have control of the Club.  Motions have been filed with the court in order that:

  • The Rangers will be able to operate within their existing budget to sign and acquire amateur, international and professional players
  • Ticket prices remain the same and purchased tickets will continue to be honored
  • The fan experience at Rangers Ballpark will be unchanged, with all current amenities and promotions continuing as usual
  • All salaries will be paid
  • Rangers vendors and suppliers will be paid in full

“Since 1998, our family has taken great pride and joy in our association with the Rangers,” said Tom Hicks, who will be Chairman Emeritus of the Rangers.  “We are proud to play an active role in resolving the deadlock in this complex sale process.  Rangers fans deserve management’s full focus on baseball operations, and Nolan, Chuck and their colleagues will be outstanding stewards of the Rangers.  We stand ready to support them in every way possible, and as huge fans we will continue to cheer the Rangers on to the ultimate goal of a World Series championship.”

“Our goal is to move forward with our plan to create a long-term record of success and championships,” said Nolan Ryan, who will continue to serve as Rangers president.  “We will achieve that by being active in the player acquisition market as well as our ongoing commitment to develop players through one of the league’s best farm systems.”

“We are pleased to take this important step towards completion of our transaction,” said Chuck Greenberg.  “Tom Hicks has laid the groundwork for this sale in a manner that best addresses the interests of the Texas Rangers as well as all parties that have a stake in the team.  His agreement to sell the land around the Ballpark  in order to facilitate the sale of the Rangers is just one example of how he has been instrumental in achieving a result that is best for the franchise and its fans.  For our group, the focus will be on rewarding Rangers fans with great performance on the field and memorable experiences in the stands and in the community.”

“Nolan Ryan has a proven track record with MLB club owners and I am prepared to submit this to the owners promptly for their approval,” said Selig.  “Chuck Greenberg and this group of local investors are dedicated to building the franchise’s value and continuing the team’s contributions to the Dallas-Fort Worth community.”

MLB has agreed to provide the Rangers with a new credit facility to ensure that the Club continues to meet all of its obligations while the sale is being completed.

In a separate transaction, Ballpark Real Estate, L.P., an independent investment vehicle controlled by Tom Hicks, whose family also controls HSG Sports Group and its subsidiary Texas Rangers Baseball Partners, 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.  Rangers Baseball Express required this land as a condition to its willingness to purchase the Texas Rangers.  In return for the transferred land, Ballpark Real Estate will receive cash, notes, and an ownership position in Rangers Baseball Express.

HSG Sports Group and its other primary asset, the Dallas Stars hockey team, are not included in the filing.

The filing took place in the U.S. Bankruptcy Court for the Northern District of Texas in Fort Worth.  The Rangers filed customary “First Day Motions” with the Court, which are intended to ensure that the process is seamless and has no adverse impact on the Club’s operations, employees and suppliers.


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, as well as a contributor to Forbes SportsMoney blog. 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?