buy rumalaya gel in india online inderal flomax dosage medication buy levitra super active no prescription fast delivery buy esomeprazole magnesium online isotretinoin gel buy penegra without script best pain meds for dogs non persciption mobic chloroquine without a prescription cheap diamox sequels buy alli pills at walmart diamox pharmacy coupons zyvox without used selegiline can you get menosan can you drink alcohol co azithromycin lotensin dosage administration purchase coversyl in canada strattera dosage instructions which uk site to buy lamictal flonase online forum membership needed guests floxin results forum pharmacies amoxil online overnight delivery can i get indocin buy alli with visa viagra super active buy online australia can you take motilium daily buy colchicine online from uk how to order ephedraxin online pariet order on web cialis for sale buy amlodipine for cats allopurinol medication guide gout where can i buy alli 2012 lotrisone lawsuit canada can you get pregnant while taking bactrim 1 purchase aciclovir tablets online what is the difference between fluoxetine and fluoxetine hydrochloride cheap sominex buy online pinworm medicine vermox buy clonidine perth australia suppliers of retin-a ge in us glucotrol xl for men sale in uk zyvox 300 mg ml bag levaquin brands india free coupon for keflex buy generic propecia australia diflucan capsules 50mg generic for plavix medication where can i buy paxil online hoodia capsules south africa nymphomax online legally generic hydrochlorothiazide no prescription online altace purchase is cialis generic available carafate without prescription canada skelaxin 800 mg vs flexeril 10mg best price omnicef pletal cilostazol apcalis sx online luvox 100mg efeitos colaterais synthroid no prescription cheap kamagra chewable not generic diflucan over counter can buy atarax shop net can a doctor call in a prescription without seeing the patient buy nizagara online from mexico lasix drug facts viagra.de actoplus met no prescription needed venlor overseas frumil mexico acne treatment drugs accutane eltroxin 25 mcg pregnancy buy rumalaya 15mg online pulmicort pas cher cheap generic ampicillin pharmacy periactin prices at costco ordering low dose antabuse buy canada no prescription for famvir buyers of pulmicort canada lov cost lipothin allegra-d mail order indian generics online lamisil ginseng hiv medication calcium carbonate legal in england tetracycline express canada buy diovan pills online order ciprofloxacin online uk fml forte generico bystolic over the counter neurontin not generic cephalexin buy online canada bentyl delivery buy zestril 200 what is benadryl side effects what is in aleve d cold and sinus indian trazodone aceon generic for actos 15 mg price zanaflex recommended dosage side effects of dilantin venlor generico italiano what is parlodel infertility trazodone generic prozac lamictal on line no script generic fucidin india cheap liv 100 mg acquistare diflucan in italia fexofenadine dosage for children para que se usa citalopram hbr can you order prednisolone prescription online without ortho tri cyclen lo generic price cheap propecia no rx purchasing diltiazem online when to start taking clomid after miscarriage alli with no rx typical viagra prices 24hr pharmacy no perscription beconase aq australia price revia 100 review flagyl s suspension side effects arsen roulette & the drugstore cowboys salbutamol ventolin 2mg 5ml syrup acquisto famvir sicuro online buy 40 mg levitra buy meclizine from canada lexapro n0 prescription diclofenac sodium 50mg alcohol cheapest tadalis sx azithromycin alcohol nhs glycomet tablet usage levitra plus generic cheap costs best online pharmacy generic lioresal buy vytorin mg online long time side effects anacin buy aciphex online anacin now co uk cheapest antivert keppra and pregnancy uk long term side effects of stromectol cozaar order online minocycline tablets 40mg buy propranolol singapore advair diskus sale pharmacy ortho tri-cyclen dosage instructions what is flagyl 500mg buy rumalaya online no prescription united states coumadin dosage acheter viagra sans ordonnance au canada abilify dosage instructions azulfidine sold over counter compare prices renagel trileptal tablets pictures cystone coupon code ciprobay xr 1000 mg side effects acheter cardura pas cher trusted tablets coupon code motrin side effects in adults deltacortril ent 5mg tabs medicine order aciphex online canada lotensin order allopurinol 300 mg tabletten indian alliance airlines coumadin usage canada vigra suppliers is is safe to take 40mg of cialis online forum prescription buy periactin best generic clonidine review apcalis sx 20mg oral jelly mobic and weight gain benadryl perth australia generic abilify no prescription inhouse pharmacy biz reviews vasodilan non perscription countries elavil prescription assistance program alli slimming pills malarone tesco over counter nexium substitute where do i fucidin in mexico buy amoxil online reviews birth control pills antivert zanaflex canada to buy caverta in uk erexor prices at costco printable alli coupon 2011 mail-order tadapox order prinivil online no prescription with a mastercard what is pariet medication for can u buy antidepressants online losartan potassium and hydrochlorothiazide tablets side effects generic plavix reviews buy metoclopramide online pharmacy lasix online price cheap sumycin sale uk prilosec prevacid nexium lawsuit best place buy ayurslim pct buy narcotics online legally flagyl 400 used for loose motions buying diovan in manchester vantin sublingual dosage sale online cialis soft tabs overnight drug delivery drugs similar to tinidazole what does avapro treat indocin sr 75 mg capsule astelin online ethionamide prix en pharmacie en france free coupon for depakote rabeprazole side effects forum seroquel 300 mg side effects law and order liv buy desyrel online no prescription buy triderm ointment morning after pill side effects duration how long should i wait to take antabuse after drinking cheapest zyprexa to buy where can you buy the abortion pill online twins multiples with clomid pregnancy recall on generic lipitor buy lithium fast shipping pletal capsules mail-order tricor urispas order by phone low price tadacip uk buy viagra jelly mg where to buy bactrim antibiotic life after accutane treatment abc pharmacy puerto rico betapace western australia buy aygestin capsules where can i buy viagra online in canada diflucan side effects buy brand reglan allegra d dosages buy micardis paypal florida asacol list of tesco stores selling pariet alli available over counter canada buy aziyhromycin without prerscription india mifepristone and misoprostol kit in india exelon cost of capital buy lanoxin xr without prescription cardizem brand order what is zithromax pills used for buy isoniazid paypal accepted generic lamictal switzerland buy levlen online overnight buy ginseng new zealand online celebrex pills drugstore combivent prices usa buy isoptin quick alphagan without prescription risperdal dosage recommended spironolactone hirsutism buy amaryl 2mg best pharmacy to order glycomet best online canadian pharmacy canadian pharmacy orlistat diltiazem pharmacy prices list birth control pills florinef tadalis sx doctors online viagra philippines sulit amlodipine hydrochlorothiazide combination generation rx drugstore ru aricept discount cialis jelly 40mg the canadian pharmacy one item asacol dosage colitis prevacid solutab otc thalidomide compensation us cost of januvia 25mg get tamoxifen las vegas do i need a prescription for ampicillin actos tablets us online buy cardizem online without prescription medrol injectabil prospect can you buy things on amazon with paypal etodolac now compare prices cardura wellburton sr 150 no prescription visa uk version of albenza calcium carbonate tablets uses mircette online without prescription endep tablets largest generic pharmaceutical companies in india price india buy ampicillin forzest generic lortab elixir wiki is cymbalta available over the counter januvia pills the online drugstore kamagra oral jelly cheap generic paxil take cialis soft tabs brand capoten buy billig forzest online kaufen buy alavert in ireland best site to buy shatavari how to get a prescription for viagra in canada sale cod hyzaar overnight albuterol inhaler and mexico resources for ceftin buy femara boots pharmacy order prograf online no prescription with a visa how to insert cytotec tablets generic cymbalta cheap generic for augmentin antibiotic effexor xr costco doxycycline dogs ears best pharmacy to order cialis sublingual prescription drug retin-a 0,05 clomid dose male alesse generic aviane billig himplasia online kaufen prempro premarin lawsuit best drugstore waterproof mascara 2012 periactin no prescription needed why has atorlip-20 been discontinued fucidin tablets where to buy alligator meat in new orleans seafood best super active prices canadian pharmacy cialis professional how much is robaxin tablets colospa no prrescription order zetia in buy alesse online no prescription us maximum lasix dose sarafem pharmacy order best place buy mentat pct pyridium cost safe buy ampicillin online sildenafil pay paypal trazodone max dose retino-a cream 0,05 lawsuit buy abilify online canadian buy lipitor online review levaquin no prescription overnight delivery chloroquine and proguanil side effects can i buy actoplus met in canada buy tetracycline ointment prescription saraswatichandra 6th march 2013 desi tashan estrace prescription only malegra dxt buy online ireland ordering inexpensive zenegra online ciplox on line glycomet for sale australia purity solutions tadalafil reviews feldene woldwide shipping fastest cystone uk delivery british columbia pharmacies online unisom overnight pharmacy can buy deltasone online buy genuine cialis craigslist olympic tickets london buy viagra jelly in india online what does diltiazem do car insurance comparison lady era discontinued sominex spain florida anacin revia 100mg buy lamisil cream rx list ordering diflucan usa celebrex generic india discount levlen otc cialis soft.com quiero comprar zenegra celexa reviews and dosage clomid for sale in uk buy benicar mg online buy topamax over the counter atarax mexico no prescription imitrex coupon betnovate-n ointment for face buy rumalaya forte visa buy altace online no prescription viagra jelly review nolvadex canadian pharmacy can meclizine make you gain weight prozac nation book prinivil over the couter leukeran usa cvs prices xenical stock availability crestor 10mg price australia valtrex on line in the mexico combivent from australia serevent children dose bystolic side effects men side effects of plavix long term does flovent hfa cause weight gain cheap skelaxin what is the generic name for diovan buying fluoxetine uk colchicine price india buy brand atacand buying lipitor in mexico viagra professional shop net buy astelin visa is duetact legal in uk alli pills coupons buy cheap xenical lipitor vs zocor dose bupron sr rx where can i buy benzac ac 5 cefixime 400 mg dose how to import zyvox purchase abana 11 tablets best drugstore powder foundation makeupalley protonix 100mg cheep little blue pill 2531 v best place buy prandin pct where can i buy cialis in singapore atorvastatin cost at walmart cafergot tabletas novartis allopurinol medication guide warnings suhagra for sale online india price increase feldene etodolac lowest price cheapest rumalaya forte tablets uk benifits of viagra for heathly young men prescription drug brand advair diskus india rx meds ortho tri-cyclen shoppers drug mart is there a shortage of paroxetine buy isoniazid 80 mg online western drug bystolic effects clomid pregnancy test order diclofenac 50mg online buy fluoxetine cheap side effects nexium uk daily dose brahmi buy cialis from india buy over the counter nexium online e coli ampicillin resistance beat way to order micardis nootropil 40mg olanzapine for sale online what drug category is zebeta flagyl er visa lisinopril overnight cabana overnight per cost of flovent for cats cheap clomid online no prescription buy shuddha guggulu pills online differin cream 0.1 acne order adalat 6 pharmacy fast differin delivery the chepest shuddha guggulu triamterene shipping overseas buy keflex bulk zoloft without bactrim ds ordering online cipro dosage for uti metoclopramide generic cheap costs ophthacare no prescription compare prices alesse tablets side effects buy trazodone online from usa is it safe to take 30mg of cialis health canada lipitor meds buy what is the dosage for zyrtec oxytrol drugstore.com estrace direct pharmacy singulair chewable spc what does phenergan tablets doo minomycin women buy viagra generica pharmacy has best price bentyl what is abilify drugs lexapro drugs com fertomid tablets us online non-prescription maxalt-mlt generic gasex safe best quality viagra online buying bupron sr using paypal metoclopramide tablets side effects prednisone withdrawal syndrome betoptic usa pharmacy technician online courses uk ortho tri cyclen mexico pharmacy biaxin antibiotic price walmart pharmacy student program canada rumalaya tablets price pfizer aurobindo deal sell generic drugs buy tenormin hong kong cytotec lowest price can reglan get you high lexapro medicine children levitra plus visa chloromycetin for sale australia fda methotrexate shortage generic name plendil online pharmacy no prescription needed cefixime levofloxacin 500 mg where to buy clomid drugs online very cheap venlor what is the side effect of azithromycin tablets 250 mg how to use erexin-v grifulvin v 5mg tablets reviews on mentax price of cialis without insurance how to take diclofenac 75mg blopress 10 mg cipla generic products list tesco pharmacy diclofenac taking cipro in india post cycle therapy clomid and hcg tinidazole no prescription canada healthcare alliance pharmacy discount card snopes buy genuine vpxl uk side effects of rosuvastatin calcium medication kytril generico online omeprazole capsules 10mg where to buy accutane no prescription canadian omeprazole nhs uk wellbutrin xl stopping medication que es omifin efectos secundarios get nolvadex canada over the counter medicine similar to differin buy abilify online no prescription needed aripiprazole nizoral over counter australia free prograf medication what is cefixime made of parlodel legal in england side effects of betnovate scalp lotion order bactroban online no prescription with a mastercard purchasing bupron sr online voveran sr generico online generic vytorin available buy cialis online in canada singulair online price to buy prednisolone cheap prescription tamoxifen side effects nhs cheapest lithium aa buy plavix capsules flonase reviews side effects discount aricept mg cialis sales 2011 pharmacy alli weight loss buy online order menosan online fluoxetine pill canadian can order clozaril online cephalexin side effects tiredness purchase coumadin on line in canada zovirax pregnant motilium india comprar sarafem en argentina diakof brand positioning where purchase cozaar bentyl where to purchase long time side effects of citalopram long term effects of prednisone use liv from india viagra pills for sale one pill ordering glucotrol xl diet canadian purchase zantac in us donde comprar acai en argentina how much does viagra sell for lincocin uk online rocaltrol max dose american amoxil seroquel lawsuit canada order anafranil online with visa buy calan online from usa why was benadryl discontinued lithium toxicity nhs what is brand viagra for purchasing emsam online purchase uroxatral online buy prinivil in india online propecia tunisie canadian association of chain drug stores( cards ) how to use voltaren zestoretic online pay paypal order rx sunglasses online prednisone generic australia actoplus met buy online australia is clomid and nolvadex enough for pct what does alliteration do altace india brand name atarax order in the us buy glycomet boots cialis 5.00 mg order non generic sumycin cheap 1 rx accutane mg ampicillin side effects in cats buspar dose range asacol tablets 150 mg what is metformin for synthroid dosage forms buy online lisinopril generic low cost arjuna alli online in canada best over the counter acne meds
Home MLB News MLB Club Sales

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 2264 guests online

Atom RSS

feed-image Feed Entries
MLB Club Sales
News and information about the sale of all or part of any of the 30 Major League Baseball clubs.

On FanGraphs: Sizing Up Mark Cuban as Potential Owner Of The Texas Rangers PDF Print E-mail
User Rating: / 3
PoorBest 
MLB Club Sales
Written by Maury Brown   
Tuesday, 27 July 2010 11:00

Mark Cuban

Beginning this week, I will begin being a weekly contributor to FanGraphs with articles running each Tuesday. Today, my first piece looks into Mark Cuban as a potential owner of the Texas Rangers. The Rangers, who are mired in Chapter 11 bankruptcy, will most likely be up for auction on Aug. 4. Here’s an excerpt from today’s article:

Determining whether an owner will be good or bad is always a matter for history to decide. Looking to the past to try and predict the future is, at best, a tenuous endeavor. But, when Mark Cuban is one of those possibly in play to own the Rangers, you can assume he’d be something other than the normally placid owners that make up MLB’s ownership lodge at the moment. Cuban makes everyone stand up and notice. On Monday, Cuban’s lawyer Clifton Jessup told the chief restructuring officer in the Rangers case that by today, the Mavericks owner would make a determination as to whether to continue possibly pursuing the purchase of the club.

In other words, much like Cuban in the NBA, you never know what you might get.

See Sizing Up Mark Cuban; Potential Owner Of The Texas Rangers on FanGraphs for the complete story


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.

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 
Judge In Texas Rangers Bankruptcy Case Sets Aug. 4 for Auction PDF Print E-mail
User Rating: / 8
PoorBest 
MLB Club Sales
Written by Maury Brown   
Thursday, 22 July 2010 12:15

Texas Rangers

THIS IS BREAKING NEWS...

According to Daniel Kaplan of the SportsBusiness Journal, U.S. Bankruptcy Judge Michael Lynn has said at bid procedures hearing for the auction of the Texas Rangers that he will uphold an Aug. 4 date for the auction to take place. Creditors for the Rangers, who are mired in Chapter 11 bankruptcy, have argued that the Aug. 4 date does not give bidders outside of the investor group led by Chuck Greenberg and Nolan Ryan enough time to get the requisite funds together.

Also at today's hearing, a lawyer for Dallas Mavericks owner Mark Cuban has said that given the right opportunity, he would be interested in purchasing the club. Cuban has made overtures through the media that he may be interested in partnering with other potential bidders, including Greenberg/Ryan. It was also made known at the hearing that Cuban has been approved by MLB for the auction of the club.

To add to the intrigue, it is sounding like Houston businessman Jim Crane may be backing out of the process and may not be at the auction. Crane had been touted for months by the creditors of the Rangers as having a "significantly higher bid" for the club.

EDITOR'S NOTE: MAURY BROWN WILL BE ON ESPN DALLAS RADIO (103.3FM) TO TALK THE LATEST ON THE RANGERS AT 6:15PM CT

RELATED CONTENT:


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

 
Inside the Texas Rangers Bid Procedures Hearing PDF Print E-mail
User Rating: / 4
PoorBest 
MLB Club Sales
Written by Maury Brown   
Thursday, 22 July 2010 11:03

Texas Rangers

This morning in a Ft. Worth courtroom, U.S. Bankruptcy Judge Michael Lynn could rule on the bid procedures for an open auction for the Texas Rangers. Today marks three days of hearings in which creditors for Hicks Sports Group, the holding company for the Rangers that has fallen $525 million in debt, have admitted that they would rather see the group led by Chuck Greenberg and Nolan Ryan out of the picture completely in the auction, and where Nolan Ryan, who is currently president of the club, said that the bankruptcy case has impacted the ability of the Rangers to make player moves. It’s possible that given all that is in play, a fourth day (Friday) could be added to allow Lynn to make his decisions.

But, today is scheduled to be a key date on the calendar for the often times acrimonious case. While this case has been exceptionally difficult to predict, here’s some topics to consider today:

Does the Greenberg/Ryan Group Drop Out After Aug. 12?

Chuck Greenberg said at the hearing yesterday that investors within his group have said that they are unwilling to extend their funding agreements past the Aug. 12. William Snyder, the chief restructuring officer said yesterday that having the Greenberg/Ryan group in play was beneficial to the auction while creditors have said that the date is arbitrary. It’s likely that the judge will see that the Aug. 12 date is relevant and keep it in mind as he makes his decision and ask….

Will the Aug. 4 Auction Date Stand?

Creditors wanted an open auction, but say that the scheduled date of Aug. 4 doesn’t allow them enough time to get the requisite funding together. Greenberg says that Aug. 12 investors will drop. This case has seen key hearing dates reset so many times, those following the proceedings have likely gotten a case of whiplash. Still it is possible that Judge Lynn could add a few extra days to allow bidders to get in the mix. However, Kevin Cofksy, the managing director of Perella Weinberg who is testifying Thurs. morning said that bidders he is aware of are not put off by the Aug. 4 date. Either way, one should expect the auction to occur on or close to Aug. 4.

How Does the Land Deal Factor In?

There is 154 acres of land around the Ballpark that currently is in play with the Greenberg/Ryan group for $75 million. Greenberg said at Weds.’ hearing that, “We’re not allowed to close on the (team) unless we close on the sale of the land.”

What About the Lease on the Ballpark?

Another factor, be it Greenberg/Ryan, or any other winning bidder is a pending lawsuit by JPMorgan Chase saying that the lease for Rangers Ballpark at Arlington was fraudulently transferred  to the Rangers. No bidder would be interested in purchasing the club without the lease. It would be analogous to purchasing a business and its employees but not having office space to house them. The lease is key, and is likely to surface at today’s hearing.

Is Mark Cuban Serious About Purchasing the Rangers?

Cuban said he was investigating getting into the mix on the Rangers sale, but wouldn’t say definitively. This morning, his lawyer is at the hearing, meaning the Dallas Maverick owner is serious about matters and should be in play at the auction.

How Will MLB’s Ownership Approval Play Into Matters?

Today’s hearing will have MLB’s Constitution and other governing rules as part of the discussion. MLB has seen sales go to bids that were not the highest (the Red Sox), and there have been other leagues that have seen lower bids accepted when other league issues were in play (Phoenix Coyotes and their possible relocation). Lynn has said that not accepting the highest bid would be acting in bad faith, but that doesn’t mean he’s not going to consider the implications of league approval. Look for interesting comments from Lynn today on this subject.

Will Dragging the Case Out Really Impact Player Procurement Activities for the Rangers?

Lynn has said that the league loan of $21.5 million should allow the Rangers to function during Chapter 11 proceedings, but let’s look at the calendar… Sal Galatioto, one of the lenders in the Rangers case said on Tuesday that it would take between 70 and 90 days for some bidders to get the needed funding together. At that point, you could then schedule an auction. Once the auction would take place, MLB would have to approve the ownership transfer, which they said could take up to 3 months to discuss, if the winning bidder is not the Greenberg/Ryan group. That could put the ownership issue in limbo until just before Spring Training. The $21.5 million loan by MLB will not be enough to fund the club for that long of a period. If this example were to come to fruition, the Rangers would be hamstrung in the off-season, unless more funding were made available to the club, something MLB would seem to only do begrudgingly at this point.

Has Jim Crane Been Stymied by the Exclusive Arrangement Greenberg/Ryan Has?

Creditors have argued that other bidders, namely Jim Crane, need more time to gain funding as the exclusive agreement for Greenberg/Ryan has stymied his ability to gain the needed funding to make a meaningful bid. Yesterday, on cross examination, Andrew Lablanc asked Chuck Greenberg if he had ever granted permission to Jim Crane to speak with lenders, to which Greenberg replied that he hadn’t because he had been under the assumption that Crane had been in talks with the lenders before and after the Rangers went into bankruptcy. While it is unclear if Crane was involved before Chapter 11, he did sit in on a mediation session with Wiliam Snyder, a sign that the creditors have been working with Crane.

Will the Creditors Really Get More Than What Greenberg/Ryan Had on the Table?

Let’s look back at that timeline above… Interest on the HSG debt is growing at about $4 million a month. At one point, before the Rangers went into involuntary bankruptcy, the sides were roughly $30 million apart. So, since mid-May, interest has grown by around half the $30 million gap, and that does not include the mountain of legal fees being paid out in the case. If the Greenberg/Ryan bid is not the winner and the deal not finalized by Aug. 12, using the timeline outlined, there could be an additional $20 million or more in interest on the debt. Unless the winning bidder is far in excess of the original Greenberg/Ryan offer, the creditors are going to take a bath on the Rangers sale.

What About the Hundreds of Unsecured Creditors?

There are hundreds of small businesses that comprise the unsecured lenders in the Rangers case. These are businesses that have yet to get paid by the club since it went into bankruptcy. The case has already dragged on longer than it should have… going even longer impacts these creditors further.

Is This Going to Be Over When the Auction Is Completed?

Maybe. Expect lawsuits to be filed depending on how this all lands. The creditors, should Greenberg/Ryan win the day, will look for an appeal, but a stay would have to be ordered by Lynn, and that seems very unlikely.

Final Thoughts

In a nutshell there’s not a nutshell big enough to encapsulate the saga that is the Texas Rangers bankruptcy case. So many court documents have been filed (412 to date and climbing for the voluntary bankruptcy case, alone) that we may need to redefine “motion sickness”. Today is but one more day in the saga. The landscape is likely to change again, but what does seem clear is an auction is going to take place, with Lynn doing further tweaks.

Look for updates as they become available

RELATED CONTENT:


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


 
Nolan Ryan Says Texas Rangers in Danger of Losing Josh Hamilton if Stuck in Bankruptcy PDF Print E-mail
User Rating: / 13
PoorBest 
MLB Club Sales
Written by Maury Brown   
Wednesday, 21 July 2010 13:38

Texas RangersA hearing yesterday to determine whether the bid procedures for the auctioning of the Texas Rangers was just the beginning of what will be 3 days of discussion into the process. Yesterday’s hearing showed that the creditors of the Rangers are willing to see the preferred bidders of Major League Baseball, Chuck Greenberg and Nolan Ryan, wither and die after Aug. 12, rather than see them in play in an open auction, and that according to the Lenders, four other bidders outside of the Greenberg/Ryan group are interested in bidding for the team, although it is unknown whether all the groups will be in play should the Aug. 4 auction date stand.

It was also determined yesterday that Rangers manager, Ron Washington, would be called as a witness on Thursday. It is unknown as to what context Washington might add to the business side of the Rangers. Speculating, Washington might be asked if ownership plays any role in his decision making process as a manager, and if the current or any future turmoil in the courts, would impact the Rangers in a stretch run into the playoffs.

Today, Nolan Ryan and Chuck Greenberg are witnesses as the hearing continues.

Ryan said that the bankruptcy of the club is causing the Rangers to lose out on future considerations for the future, such as depleted international scouting. Dainei Kaplan of the SportsBusiness Journal reports via Twitter that the club is seeing its scouts being poached and that a prolonged bankruptcy court battle could cause the team to lose All-Star Josh Hamilton.

Judge Michael Lynn, who is overseeing the bankruptcy case said to Ryan, "The bankruptcy will not interfere with operations on the field," citing MLB's $21.5 million loan to the club while it is in Chapter 11.

In the first admission of capital improvement costs that the Greenberg/Ryan group wishes to spend on the Ballpark at Arlington, Ryan said that bankruptcy proceeding could stop adding a new videoboard that would cost $5million-$12 million.

In a sign that winning is paying dividends for the bottom line of the Rangers, Ryan testifies that to date, the Rangers are running $5 million ahead in revenues for their 2010 revenue projections, and that the club expects to sell playoff tickets that would total between $11 milliion-$14 million.

Look for updates on today’s hearing as they become available.

In related news, a list of witnesses and exhibits for tomorrow’s hearing has been released by the Rangers, and with it, it is clear that MLB’s ownership approval process will be a large part of the discussion.

Select READ MORE to see the listing of witnesses and exhibits that are scheduled to be part of tomorrow’s hearing.

Read more...
 
Creditors Would Rather Have Greenberg/Ryan Out of Picture on Texas Rangers Sale PDF Print E-mail
User Rating: / 2
PoorBest 
MLB Club Sales
Written by Maury Brown   
Tuesday, 20 July 2010 11:37

Texas RangersUPDATE #1: Rangers lender Sal Galatioto has sad at today's bankruptcy auction hearing that he is "absolutely" willing to lose Greenberg/Ryan as a bidder adding that it would take 70-90 days to get a new deal in place with other prospective bidders. As a note, this would not include the amount of time that MLB would take to vote whether or not to approve other ownership other than Greenberg/Ryan.


In a Forbes article that I ran yesterday (see Get The Show On The Road With The Texas Rangers Bankruptcy Case), I wrote that an open auction with the group led by Chuck Greenberg and Nolan Ryan in the mix, might not be what the creditors ultimately want.

One could speculate that what is really occurring here is legal maneuverings to kill off the Greenberg/Ryan bid all together; that an open auction really isn’t the end game for the creditors.

The Asset Purchase Agreement – the exclusive agreement between the Rangers and the Greenberg/Ryan group – expires on Aug. 12. It’s possible that one or more of the investors in the group could jump ship at that point, based upon the protracted nature of the bankruptcy case that sees millions of dollars in legal fees being poured into trying to get the case wrapped up, no matter whether you’re the Rangers, the Greenberg/Ryan group, or the creditors. If the Greenberg/Ryan group were to collapse, the creditors would see less return out of the auction, but at this stage, given the heated nature of the legal battle and egos in play, one could say that getting less out of the auction without the Greenberg/Ryan group in play is a victory, of sorts.

That’s no longer speculation.

William Snyder, the chief restructuring officer (CRO), appointed by Judge Michael Lynn in the case, said this morning at an emergency hearing called by the creditors of the Rangers, that the Greenberg/Ryan bid could be lost after Aug. 12 and that he sees the loss of that group from the sales process as a negative effect on the process.

Daniel Kaplan of the SportsBusiness Journal/SportsBusiness Daily, who is reporting from the emergency hearing wrote the following via Twitter (expanded beyond 140 characters by author for clarity):

CRO at Texas Rangers auction hearing:"Banks gave me in writing they would run the risk of losing Greenberg rather than go forward with the process."

This is what egos have wrought.

I also wrote that it was very possible that Jim Crane does not have all the capital on hand at the moment to be able to bid if the auction were to occur on Aug. 4:

Indeed, since the end of May, the creditors in the bankruptcy case have said that “there is a higher bid out there.” Surely, if that were the case, this bidder should be ready to go; planning in advance for an open auction for the club they so wish to purchase. After all, it’s not as if the possibility of the auction hasn’t been out there for months now. Now, you’re saying the “Bidding Procedures do not provide sufficient time”? Let’s get on with it.

The creditors all but admitted that at the hearing this morning, as well. Once again, Kaplan, via Twitter:

Rangers lenders would provide bridge financing to Jim Crane to buy team, CRO William Snyder says at auction hearing.

On bidder Jeff Beck, Kaplan reports via Twitter that Snyder said:

Jeff Beck would have a nine-figure equity commitment personally to buy team; would solicit 3rd party financing.

Kaplan further reports that Crane has made a definative agreement to purchase the club, but according to Snyder, might not if the bid process remains as it currently is. Jeff Beck has not made a definative agreement to pursue a purchase of the Rangers at auction.

Look for updates as they become available

RELATED CONTENT:


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

 
Rangers Ballpark Lease In Limbo After Bank Files Lawsuit Against Hicks Sports Group PDF Print E-mail
User Rating: / 2
PoorBest 
MLB Club Sales
Written by Maury Brown   
Sunday, 18 July 2010 23:57

Texas RangersMaybe the slogan for the Texas Rangers should be, “Expect the unexpected.”

The latest twist in the sale of the Texas Rangers happened quietly on Friday as J.P. Morgan Chase filed a lawsuit against Hicks Sports Group, the holding company of the Rangers over the handling of the lease agreement. First reported by Barry Shlachter of the Ft. Worth Star-Telegram, “Chase argues that Hicks Sports Group, the parent of the team, made amendments in 2009 and in May that transferred the city-owned stadium's lease directly to the team without the bank's required consent as part of its loan agreement.”

HSG's maneuver, the suit alleges, would limit to $75 million the amount lenders were guaranteed from a $425 million loan and revolving credit set up by Chase in December 2007. No such limit existed on the lease before the transfer, it claimed. Chase was granted the right to approve lease transfers by HSG in the loan agreement, the bank says.

As the Star-Telegram states, no prospective owner would likely bid on the sale of the Rangers with the lease of Rangers Ballpark in Arlington in doubt.

In other Rangers bankruptcy news, a Tues. hearing could determine if the Aug. 4 auction for the sale the Rangers assets is to occur. The Ad Hoc group of first lien lenders have pushed for an open bidding of the Rangers for months, but now say that the Aug. 4 auction date is insufficient time for other bidders to pull together the requisite funds.

More news as it becomes available.

RELATED CONTENT:


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

 
UPDATE: Judge Grants Emergency Hearing to Reconsider Bid Procedures of Texas Rangers Auction PDF Print E-mail
User Rating: / 3
PoorBest 
MLB Club Sales
Written by Maury Brown   
Friday, 16 July 2010 00:47

Texas RangersUPDATE #1: Added paragraph dealing with response by Greenberg/Ryan lawyers blasting reconsideration motion.

UPDATE #2: Judge grants hearing for Tuesday, July 20, 2010 at 9:00 a.m. to hear Emergency Joint Motion of Lender Parties for Reconsideration of Court’s Order Adopting Bidding Procedures.


Creditors of the Texas Rangers are seeking an emergency hearing in which they claim the approved bidding procedures for the auction of the Texas Rangers are flawed, and should be reconsidered. The court filing states that, “Discovery has confirmed that the Debtor’s goal in engaging in the Midnight Transfers and filing this bankruptcy case, as stated by Glenn West (then representing multiple Hicks-related entities) to Major League Baseball’s president (among others) in an email.”

The motion adds:

The Bidding Procedures are unfair to the Lender Parties, as they were largely based on the procedures sought by the Debtor and its preferred buyer, (Greenberg/Ryan group), were presented to the Lender Parties and all other parties in interest literally only minutes before they were argued, and were entered without the support of a single word of testimony or single document entered into evidence.

The motion goes on to say that, "The Bidding Procedures serve only the purpose of overlaying the façade of an auction process over a case that has been fundamentally flawed from the beginning.”

The filing states that procedures do not provide sufficient time for potential bidders, such as Jim Crane and Jeff Beck, to be able to participate meaningfully in the sale process and are too skewed to the advantage of Rangers Baseball Express, the group led by Chuck Greenberg and Nolan Ryan – the one party that does not need any added incentive to participate in an auction or any other advantages in the sale process.

The court filing is redacted, thus making critical information surrounding the claimed email, unavailable to the public. In a separate filing, the creditors filed an non-redacted copy of the document, requesting that it remain under court seal, never to be allowed to see the light of day by the public. The “Motion to Allow Lenders Parties to File Under Seal” reads, in part:

[T]he Lender Parties request that the Motion be kept confidential indefinitely. Local District Court Rule 79.4 states that “all sealed documents will be deemed unsealed 60 days after final disposition of a case.” Pursuant to Rule 79.4, the Lender Parties hereby request that the Motion be kept confidential indefinitely and that it not be deemed to be unsealed 60 days after the final disposition of these bankruptcy proceedings.

Early Friday morning, lawyers for the Greenberg/Ryan group blasted the motion in a filing of their own saying, "The Motion for Reconsideration is nothing but a rehash of arguments previously made by the Lender Parties and the Holding Companies, and rejected by the Court, at the hearing on RBE’s request for a temporary restraining order.... For over seven months, RBE has had an agreement to buy the Texas Rangers approximately $500 million. For almost that long the Lender Parties have been saying that there are others who are 'ready, willing and able' to pay more. Talk, however, is cheap; nor does it pay claims against a bankruptcy estate. The time to put up or shut up is here."

Judge Michael Lynn has set an Aug. 4 auction date for the sale of the Rangers. Any qualified bidder wanting to participate in the auction must submit a qualified bid on or before Aug. 3 at 8:00 p.m. (prevailing Central Time).

Bidding at the auction is set to begin with an initial minimum bid that is at least $15,000,000 above the "Stalking Horse Bid" of the Greenberg/Ryan group, which is currently $306.7 million in cash. Bids after that shall subsequently continue in $2,000,000 minimum overbid increments.

The auction does not include a land transaction for approx. 154 acres around Rangers Ballpark at Arlington valued at $75 million reached by the Greenberg/Ryan group.

Any winning bid would need approval from 75 percent of MLB’s owners. The league has backed the Greenberg/Ryan group for months. In the past, MLB has said that the highest bid does not always mean the best owners for the make-up of the ownership brethren of the league. Judge Lynn said that he can determine whether the league acted in good faith in the process, should higher bidder win the auction but be rejected over the Greenberg/Ryan group by MLB's owners.

More news as it becomes available.

RELATED CONTENT:


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

 
Judge Sets Aug 4 Auction Date for Texas Rangers PDF Print E-mail
User Rating: / 10
PoorBest 
MLB Club Sales
Written by Maury Brown   
Wednesday, 14 July 2010 12:16

Texas RangersIn a landscape that seems to shift almost daily, an auction hearing and auction date for the sale of the Texas Rangers was moved at a hearing yesterday from July 22 to Aug. 4, something that lawyers for the Rangers and creditors of the bankrupt club were both unhappy with. The creditors for the Rangers claimed it would not give enough time for potential bidders to garner needed funding, while lawyers for the Greenberg-Ryan group said they wanted the date set well before the expiration of the Asset Purchase Agreement the investor group has on Aug 12.

The other bidders believed to be in the mix for the auction include Houston businessman Jim Crane, and a group led by Dennis Gilbert and Dallas investor Jeff Beck. Crane and Gilbert were both approved by MLB before Greenberg/Ryan were selected as exclusive bidders. As part of the argument by the creditors that the Aug. 4 auction date is too soon, under the bid procedure, any new investors, such as the rumored addition of Mark Cuban to the Gilbert/Beck group would have to be approved by the league before being considered as part of any bid package.

U.S. Bankruptcy Judge Michael Lynn set the tone at the hearing by saying, "We're going to get this process on the road. I know this doesn't make all of us happy. But if that's so, I've done something right in this case."

The hearing also saw Judge Lynn accept the most recent motion for bid procedures in the auction. In a victory for the Greenberg/Ryan group, their enhanced bid that now sees $306.7 million in cash and removal of a controversial charter aircraft lease, allowed Lynn to say that their new bid would be the starting point for bidding. Under the auction rules, the Greenberg/Ryan group’s bid then becomes a “stalking horse” where bidding much now by at least $15 million higher than the $306.7 million bid by Greenberg/Ryan. The auction process would then see bids after that increase in increments of $2 million. The auction does not include the approx. $75 million transaction that encompasses 154 acres of land around the Ballpark. Lenders for Hicks Sports Group, the holding company for the Rangers, which defaulted on $525 million in loans, do not have a lien on that land, and subsequently, is not part of the bankruptcy proceedings. With the land deal in play, the Greenberg/Ryan bid is now over $580 million.

(READ THE NEW MOTION FOR BID PROCEDURES)

The hearing, set just 3 weeks from today, would determine whether there are accepted bids for the purchase of the club beyond the Greenberg/Ryan group. Based on the concerns by the creditors, it is possible that rival bidders may not be able to gain completed funding by the date. If no other approved bids step forward at the hearing, the sale would default to Greenberg/Ryan.

If, through the process, a bidder other than Greenberg/Ryan were to win at auction, the group would need approval from 75 percent of MLB’s owners. The league has backed the Greenberg/Ryan group for months. In the past, MLB has said that the highest bid does not always mean the best owners for the make-up of the ownership brethren of the league. Indeed, the league sold the Boston Red Sox to the John Henry group with a lower bid offer than both Miles Prentice and Charles Dolan. Lynn said that he can determine whether the league acted in good faith in the process.

If the Greenberg/Ryan group were to lose out in the auction and MLB approval process, Judge Lynn said that he accepted a $15 million “break-up fee” should go to investor group for costs associated expenses. The figure is approx. 3 percent of the bid offer’s value.

Chuck Greenberg, who was at attendance during All-Star Game festivities in Anaheim, declined comment citing the court’s request that no one discuss court proceedings.

More news as it becomes available.

RELATED CONTENT:


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

 
Rangers, Greenberg/Ryan Work in Tandem to Release New Bid Procedures for Sale of Club PDF Print E-mail
User Rating: / 9
PoorBest 
MLB Club Sales
Written by Maury Brown   
Tuesday, 13 July 2010 11:21

Texas RangersOne of the many topics circulating around the halls of the Marriott and Hilton hotels where All-Star Game media and MLB execs are sequestered in Anaheim, was the announcement yesterday that the prospective ownership group of the Texas Rangers led by Chuck Greenberg and Nolan Ryan are suing the Rangers for breach of the Asset Purchase Agreement (APA) forged between the Rangers and the group on May 23. The “adversarial” filing also claims William Snyder, the Chief Restructuring Officer appointed by Judge Michael Lynn in the case, over stepped his scope by introducing other bidders into the mix.

“The CRO does not, and never had, any authority to solicit alternative bids or negotiate with prospective bidders. Notwithstanding his limited authority as expressly circumscribed by the Court, the CRO is attempting to seize control of this Bankruptcy Case by inducing the Debtor to withdraw the Bidding Procedures Motion and shopping the Debtor’s assets,” the filing said.

Today, the other pieces of this move, have dropped into place.

First, Daniel Kaplan of the SportsBusiness Daily reports that The Rangers do not plan to contest the lawsuit brought by Greenberg and Ryan.

“The (team) has apparently consented to a form of temporary restraining order that would preclude the (team) from soliciting alternative bids to the proposal set forth in the (sale agreement) until the confirmation hearings commence on July 22, 2010 concerning the (sale),” the CRO’s lawyers contended. “Given the apparent alignment of interests between the (team) and (Greenberg and Ryan) and (the team’s) apparent willingness to agree to the temporary restraining order, it is clear that the parties to the complaint cannot, and will not, adequately represent Ranger Equity’s interests in this lawsuit.”

New Bid MotionSecondly, the Rangers have just filed a second motion to establish procedures of an open auction scheduled for July 22, 2010, at 9:30 a.m. (CT) for the Rangers. The new motion reads, in part:

Under the amended terms of the Asset Purchase Agreement, the (Greenberg/Ryan group)  has improved its overall bid for the (Rangers) Assets by $2.7 million to $306.7 million. In addition, the Purchaser has agreed to reduce the amount held in escrow following the transfer of the (Rangers)  Assets from $30 million to between $10 million and $12 million, depending on the Closing Date (as defined in the Asset Purchase Agreement). The (Greenberg/Ryan group) also agreed to modify section (part of) the Asset Purchase Agreement such that these bidding procedures could take affect.

In addition, (Hicks Sports Group) has agreed that its certain Shared Charter Services Agreement for use of the charter airplane is terminable at the end of the current baseball season without penalty. These three heavily negotiated compromises, representing concessions from both the (Greenberg/Ryan group) and the ultimate parent of (the Rangers), greatly enhance the attractiveness of the overall bid and evidence a willingness by all sides to provide additional value to the Debtor’s Creditors.

The new motion goes on to say that the auction should still take place with the Greenberg/Ryan group, yet again, willing to waive their exclusivity agreement while using the improved Asset Purchase Agreement as a stalking horse bid, and still include the $15 million “break-up fee”, should the Greenberg.Ryan group not successfully be approved for ownership, something that Snyder initially agreed to, but later rejected.

(READ THE NEW MOTION FOR BID PROCEDURES)

The new motion also includes MLB’s ownership approval process saying:

At the Confirmation Hearing, the Debtor will seek an order confirming its plan pursuant to section 1129 of the Bankruptcy Code (the “Confirmation Order”) approving (i) the Debtor’s plan of reorganization and (i) a sale of the TRBP Assets pursuant to the Asset Purchase Agreement to either the Selected Bidder or the Backup Bidder (if applicable), that is determined by the Debtor to have submitted the highest and best bid and the second highest and best bid, respectively, (iii) that such sale be consummated only upon and after the approval of a sale to such person(s) by Major League Baseball in accordance with the Major League Constitution, the MLB Ownership Control Guidelines, and such other applicable rules and regulations of Major League Baseball.

MLB’s rules require 75 percent of the 30 owners to agree to ownership transfer. The league has repeatedly said that they support the Greenberg/Ryan group, but a report in Monday’s edition of the SportsBusiness Journal mentions that there could be a warming between prospective bidder, Jim Crane, and MLB after Crane backed out of the purchase of the Houston Astros several years ago at the 11th hour.

It is unknown whether Snyder will approve the latest bid motion after his initial acceptance of the last version, before then rejecting it the following day.

More news as it becomes available.

RELATED CONTENT:


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

 
Texas Rangers Auction on Hold as CRO Rejects Motion PDF Print E-mail
User Rating: / 2
PoorBest 
MLB Club Sales
Written by Maury Brown   
Friday, 09 July 2010 10:38

Texas RangersCommissioner Bud Selig said that the sale process of the Texas Rangers was “long and winding road”. Yet another turn has been added to it.

William Snyder, the court appointed Chief Restructuring Officer (CRO) in the Rangers bankruptcy case, rejected a motion filed by Texas Rangers Baseball Partners that would have opened up the club for auction, while saying that with adjustments, an auction should still occur. The notice by the CRO reads:

The CRO approved the Motion before it was filed and supported the Motion at the time it was filed. Based on changes in facts and circumstances since the filing of the Motion, however, the CRO has concluded that the Motion is no longer in the best interests of the Equity Debtors and that, therefore, he can no longer support the Motion The CRO has informed the Debtor of this and requested that the Debtor withdraw the Motion. The CRO understands that the Motion will be withdrawn pursuant to his request. The CRO believes that a sale process still is in the best interests of the Debtors and the Debtors Equity; however, on terms other than those which the Motion sought approval by this Court. The CRO expects to finalize new bid procedures shortly and expects that they will be presented to the Court for expedited approval.

The July 9 hearing that was set to occur before Judge Michael Lynn where procedures for the sale, “stalking horse” status for the Greenberg/Ryan group, and approval of the payment for a $15 million “Break-Up Fee” that would go to that group, should it not be selected, was cancelled by TRBP and changed to status conference.

In today’s edition of the SportsBusiness Daily, Daniel Kaplan reports:

The creditors opposed the team’s motion for three principal reasons, a well-placed source said: It would have given MLB, not the court, final choice of the winner; it gave the Chuck Greenberg and Nolan Ryan group the right to review other bidders’ finances; and it would give Greenberg a $15M breakup fee. Apparently the CRO agreed in part with at least some of these objections. The well-placed source said the hope was still to have an auction sometime within the next two weeks.

When asked earlier this week of how the motion that has now been pulled allowed for MLB to approve the final bidder, regardless of whether it was the highest, or not. Commissioner Selig backed the league's right to select its owners.

“Let me make this clear, baseball has always had the right to select their ownership,” Selig said on Tuesday. “There’s a long history of that that predates my entry into baseball in the 1970. So, I’m very, very comfortable in telling you that, yes, I was pleased [in the CRO’s advisement that MLB can ultimately approve the owners of the Rangers]. But there’s no doubt in my mind that we have the right to select ownership, and will do that.”

RELATED CONTENT:


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

More news as it becomes available.

 
«StartPrev12345678910NextEnd»

Page 8 of 19
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?