A group headed by Hall of Fame pitcher Nolan Ryan purchase the Texas Rangers from Tom Hicks

On January 23 2010 — A group headed by Hall of Fame pitcher Nolan Ryan and including a number of prominent business people from the Dallas, TX-Ft. Worth area purchases the Texas Rangers from Tom Hicks for a price rumored to exceed $500 million. Ryan will continue as team President, while attorney Chuck Greenberg will be managing partner and Chief Executive Officer. The corporation will be known as Rangers Baseball Express, in honor of Ryan’s famed fastball. Because of complications caused by Hicks’s bankruptcy proceedings, the deal will not be finalized for another six months.

 

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