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Rusty Rose dies after long battle with depression

DALLAS -- Rusty Rose, a former co-owner of the Texas Rangers with former president George W. Bush, has died at the age of 74.

His family says in a statement that he passed away on Friday night after a long battle with depression.

Rose was publicity shy even though he worked in public arenas of finance and sports.

He founded Cardinal Investment Company, a Dallas investment management and brokerage firm, in 1974.

In 1989, he joined with Bush to purchase the Rangers. They sold the team in 1998.

Rose made a rare public statement then saying a person couldn't really own a baseball team, but only be a good steward of it for those who love the game.

The family statement says: "Rusty Rose was a good steward of baseball and life."