Ryan-Greenberg group wins Rangers auction 05/08/2010 |
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A group led by Hall of Fame pitcher and Texas Rangers president Nolan Ryan has won the auction for the team.
The group led by Ryan and Pittsburgh sports attorney Chuck Greenberg had Major League Baseball's endorsement, and its final $593m offer included $385m in cash. It is thought to have beaten a bid of almost $600m from Dallas Mavericks owner Mark Cuban.
Officials in federal bankruptcy court announced the winning bid shortly before 1am local time on Thursday (August 5) morning – some 10 hours after the auction began.
"It was an emotional roller-coaster," said Ryan. "You go to court one day and it didn't go your way, but you go back another day and it would. It's a relief."
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