In the early hours of the morning, the group led by Nolan Ryan and Chuck Greenberg is confirmed as the winning bidder in the court-ordered auction of the Texas Rangers, part of the bankruptcy proceedings for owner Tom Hicks’s sports properties group. The winning bid, valued at $385 million in cash, beats one from Mark Cuban, owner of the Dallas Mavericks of the National Basketball Association; its total value reaches $593 million when the portion of Hicks’s debts assumed by the new owners is taken into account.

On August 5, 2010 — In the early hours of the morning, the group led by Nolan Ryan and Chuck Greenberg is confirmed as the winning bidder in the court-ordered auction of the Texas Rangers, part of the bankruptcy proceedings for owner Tom Hicks’s sports properties group. The winning bid, valued at $385 million in cash, beats one from Mark Cuban, owner of the Dallas Mavericks of the National Basketball Association; its total value reaches $593 million when the portion of Hicks’s debts assumed by the new owners is taken into account.

Source:
Baseball Reference August 5
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