Source: Sale of Rangers nears $570M

Updated: January 25, 2010, 1:14 PM ET
By Richard Durrett | ESPNDallas.com

A group headed by Pittsburgh attorney Chuck Greenberg, called Rangers Baseball Express, has a deal in place to purchase the Texas Rangers from owner Tom Hicks, Hicks Sports Group announced Saturday night.

A sale price was not announced, but a source said the price tag was under $570 million, which includes the team, the lease at Rangers Ballpark in Arlington and approximately 153 acres of real estate around the park. The real estate portion of the agreement was part of a separate ...

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