Chuck 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 ESPNDallas.com 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.
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