Texas Rangers still fighting 15/06/2010 |
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Private emails from a team lawyer have accused Major League Baseball from rejecting Texas Ranger’s plans to sell the club to Houston businessman Jim Crane.
According to emails written by Glenn West, the league blocked the Rangers from talking with “anyone other than” Chuck Greenberg, who had agreed to buy the team.
Lawyers at Hicks Sports Group, which currently owns Rangers, were left seething at the decision after revealing that Crane offered “a clearly superior economic deal.”
“We need help here,” Glenn West wrote in an email on December 31.
“Unless the lenders weigh in, we are going to be stuck negotiating a deal that is clearly worse than Crane’s.”
West’s emails, which were made public on Monday in Rangers’ bankruptcy case, show that the club preferred Crane’s offer and clashed with the league over the sale.
In an email written in January, West revealed that Crane’s offer was “at least $13 million and perhaps more than $20 million ahead of Greenberg with a lot more certainty of closing.
“We are quite worried that if we don’t move to Crane immediately we will lose them completely.”
Since filing for bankruptcy last month, Rangers have maintained that Greenberg is the best deal for the team.
According to a court filing from June 11, the team confirmed that the $575 million sale to Greenberg and Nolan Ryan would offer “the best combination of price and least execution risk.”
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