Friday, July 30, 2010
Greenberg-Ryan deal rejected; auction on
U.S. Bankruptcy Judge D. Michael Lynn rejected this morning's "substantially enhanced" offer by the Chuck Greenberg-Nolan Ryan group -- Major League Baseball's preferred buyer -- and has ordered the auction to sell the Texas Rangers to proceed as planned next week.
The judge made his decision after attorneys for Dallas Mavericks owner Mark Cuban and another potential bidder said their clients were preparing to bid at the auction.
And the drama continues. For more on this developing story, click here.