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Home News-Telegram Sports Pro Sports Ryan lobbies for Rangers’ auction

Ryan lobbies for Rangers’ auction

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FORT WORTH   (AP) — Hall of Fame pitcher Nolan Ryan called on a federal bankruptcy judge Wednesday to auction off the Texas Rangers on Aug. 4 as planned, saying a delay could hurt the team and maybe even cost them slugger Josh Hamilton.

Ryan testified in his capacity as the team's president, though he and Pittsburgh sports attorney Chuck Greenberg have the endorsement of Major League Baseball to buy the Rangers and would love to close the deal soon. The sale has been anything but smooth and is now part of a contentious bankruptcy proceeding.

Creditors and even the court-appointed restructuring officer want the auction delayed so other bidders can line up financing.

The Greenberg-Ryan group, which has bid about $575 million, opposes a delay because its financing guarantee is set to expire Aug. 12. Ryan also said the auction should be held as planned to avoid distractions as the Rangers make a run for the AL West title.

 

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