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Rangers auction to proceed

Updated: July 31, 2010, 2:57 AM ET
ESPN.com news services

FORT WORTH, Texas -- A bankruptcy judge Friday rejected a last-minute higher bid on the Texas Rangers from Major League Baseball's preferred buyer, a deal that would have canceled next week's auction.

Since U.S. Bankruptcy Judge D. Michael Lynn said Wednesday's auction will proceed as planned, the higher bid from a group led by Hall of Fame pitcher Nolan Ryan and Pittsburgh attorney Chuck Greenberg is now off the table. That means the starting price at the auction will still be $306.7 million, ...

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