Texas Rangers picks preferred bidder 17/12/2009 |
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A group led by Pittsburgh sports attorney Chuck Greenberg has been picked as the lead bidder for the Texas Rangers baseball team being sold by Tom Hicks.
Greenberg, whose consortium includes Rangers president and retired all-star pitcher Nolan Ryan, has 30 days during which only he can negotiate a purchase.
It is not clear how much the group will pay but analysts had expected the club to attract bids of at least $500m-$550m.
It is thought that Hicks, who also owns the Dallas Stars hockey team and half of English Premier League football club Liverpool, would retain a “significant” interest in the Rangers under the terms of the deal.
“There’s a lot of work to do,” Greenberg said in a statement. “The deal isn’t done yet but I am confident we can complete this soon.”
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