Judge keeps Aug. 4 auction in sale of bankrupt Texas Rangers; Mavericks owner Cuban may bid
By APThursday, July 22, 2010
Judge won’t delay Rangers’ auction; Cuban may bid
FORT WORTH, Texas — A bankruptcy judge has ruled that the Aug. 4 auction of the Texas Rangers won’t be delayed, and Dallas Mavericks owner Mark Cuban may be among the bidders.
Angry creditors argued Thursday that other interested buyers would not have time to secure financing and suggested a Sept. 30 auction.
The starting bid will be from the group led by Hall of Fame pitcher Nolan Ryan and sports attorney Chuck Greenberg. Major League Baseball endorsed the Ryan-Greenberg group after it was selected in the original bidding process last year, but the $575 million deal has been stalled by creditors.
Cuban’s attorney said his client has been approved by MLB and hopes to submit a bid.
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