Former Texas Rangers general managing partner Chuck Greenberg has led a group of local investors who now have an agreement to purchase the Frisco RoughRiders, the Rangers’ Double-A affiliate located in a suburb of Dallas.
Greenberg, who lives in the Dallas area, will own the club with current RoughRiders’ president Scott Sonju, purchasing the franchise from Mandalay Baseball Properties LLC. Greenberg is Chairman, CEO and managing partner of RoughRiders LP, a group of local investors who are acquiring the team. Sonju will continue to oversee the daily operations of the club.
Baseball America, in a story from April, estimated that the Greenberg group would end up paying more than $30 million for the team. The final terms of the deal were not disclosed.
It means that Greenberg will have ownership stake in two of the Rangers’ franchises as he also owns Class A Myrtle Beach.
“I love baseball and everything that goes into creating an affordable, enjoying family environment,” Greenberg said. “It’s why I’ve had so much fun with all the teams I’ve been involved with before. The fact that I live right down the road from Frisco made it extremely appealing. It’s a great franchise. Once Mandalay decided to sell their franchises involved, I was all over them seeing if we could work out a deal.”
Greenberg put together the ownership group, headlined by Hall of Famer Nolan Ryan, which bought the Rangers out of bankruptcy court in August 2010. Greenberg’s group outbid Jim Crane and Dallas Mavericks owner Mark Cuban the same season the Rangers made their first World Series appearance. Greenberg served as general managing partner until he departed during spring training in 2011, citing “somewhat different styles” with Ryan and co-chairmen of the board Ray Davis and Bob Simpson.
Ryan has also left the organization and is a consultant with the Houston Astros front office. He was hired by Crane, who now owns the Astros.
Greenberg also owns the State College Spikes in the New York-Penn League (rookie ball).
"The Rangers have enjoyed a productive and successful partnership with the Frisco RoughRiders for the last 12 years," Rangers president of baseball operations and general manager Jon Daniels said in a release. "We look forward to continuing that strong relationship with Chuck and Scott and their new ownership group. Our affiliation with Chuck's group in Myrtle Beach has been outstanding and we congratulate them on the Frisco purchase."