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Home MLB News Texas Rangers CEO Chuck Greenberg Resigning as Early as Friday

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Texas Rangers CEO Chuck Greenberg Resigning as Early as Friday PDF Print E-mail
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Written by Maury Brown   
Friday, 11 March 2011 08:55

Chuck GreenbergChuck Greenberg, who spearheaded the winning group to bid on the club, and won an auction to purchase them over a group that included Mark Cuban and Jim Crane, is reportedly resigning from the position, possibly as early as today.

Reports from the Dallas Morning-News and did not specify why Greenberg, the CEO and managing partner of the club, was stepping down. Attempts to contact Greenberg early this morning have gone unanswered.

According to the Dallas Morning-News, Greenberg abruptly left the Rangers’ spring training facility in Arizona on Saturday during a time when there was considerable activity. He was to co-host a club party with Nolan Ryan on Sunday but was not in attendance.

The auction sale of the Texas Rangers after Tom Hicks defaulted on more than $500 million in debt was one of the most arduous events in MLB history. The sale process came on the heels of more than a year and a half of Greenberg and Ryan positioning themselves for the sale (see The Biz of Baseball interview with  Chuck Greenberg).

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, as well as a contributor to FanGraphs and Forbes SportsMoney. 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.

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