That’s the viewpoint of someone associated with the group of creditors meeting with prospective Rangers’ owners Chuck Greenberg and Nolan Ryan in New York tomorrow in an attempt to iron out their differences regarding the team’s sale. It’s an ominous sign with respect to something that everyone is assuming is a done deal.
As you’ll recall, the creditors are led by a hedge fund called Monarch Alternative Capital, which bought up a bunch of Hicks Sports’ Group’s debt when it nearly defaulted on its obligations last summer. The creditors have to sign off on the tentative agreement between Hicks and Greenberg/Ryan, and from the sound of it, they don’t have a huge incentive to do so. According to the article:
The key issues, the sources said, are that while the sale has an
announced price of $570M, there is only $390M of cash changing hands,
with the difference assumed liabilities. And of that the banks would
only get $250M, sources said. Before they get paid, according to the
deal, Hicks would be paid for the real estate around the ballpark, MLB
must be paid for loans it forwarded the team, and Rangers investment
bankers, Merrill Lynch and Raine get paid too.
That’s right: Tom Hicks has helped broker a deal in which he personally gets paid before the people from whom his spendthrift ownership group had to borrow in order to make ends meet last year. And of course, Hicks himself is part of the new ownership group too. The result: an angry group of creditors is worried that they’re going to only get pennies on the dollar — “We will be better off in bankruptcy court,” a source says — and may very well tell Greenberg, Ryan and Hicks to go back to the drawing board. If that happens, you have to figure that Jim Crane and Dennis Gilbert, who were reported to have better bids than Greenberg — would come back into play.
In December I reported that there were people around Major League Baseball who were worried about this deal coming together. Those worries were brushed off at the time. Based on what we’re hearing today, I have this feeling that they’re back.
Here are the Cubs and Cardinals lineups for Game 1 of the NLDS in St. Louis:
CF Dexter Fowler
RF Kyle Schwarber
3B Kris Bryant
1B Anthony Rizzo
2B Starlin Castro
LF Chris Coghlan
SS Addison Russell
C David Ross
SP Jon Lester
Jon Lester’s personal catcher David Ross takes the place of Miguel Montero behind the plate. Kris Bryant shifts back to third base after playing left field in Game 1, with Chris Coghlan coming off the bench to get a start in the outfield against a right-hander. Addison Russell bats seventh, which he did just 10 times during the regular season.
3B Matt Carpenter
1B Stephen Piscotty
LF Matt Holliday
CF Jason Heyward
SS Jhonny Peralta
RF Randal Grichuk
C Yadier Molina
2B Kolten Wong
SP John Lackey
Mike Matheny’s lineup for Game 1 is an interesting one. Jason Heyward is batting cleanup and playing center field, where he started just eight games all season. Stephen Piscotty plays first base, where he started just nine games. Yadier Molina is behind the plate, toughing his way through a significant thumb injury that’s sidelined him since September 20 and leaves him at much less than 100 percent now. Brandon Moss, Mark Reynolds, and Jon Jay are all on the bench.
Rookie left-hander Steven Matz hasn’t pitched since September 24 because of a back injury, but he’s on the Mets’ playoff roster for the NLDS and looks likely to start Game 4 against the Dodgers.
Matz prepped for a potential start by throwing 80 pitches in a simulated game Thursday and apparently experienced no issues. Even setting aside the health question mark Matz has started just six games in the majors, but he’s 4-0 with a 2.27 ERA and 34/10 K/BB ratio in 35.2 innings.
Matz is one of 11 pitchers on the NLDS roster, along with 14 position players. No big surprises.
Here are the Astros and Royals lineups for Game 2 of the ALDS in Kansas City:
2B Jose Altuve
RF George Springer
SS Carlos Correa
LF Colby Rasmus
DH Evan Gattis
3B Luis Valbuena
1B Chris Carter
C Jason Castro
CF Jake Marisnick
SP Scott Kazmir
Carlos Gomez remains out of the lineup with an intercostal injury, so Marisnick makes another start in center field after going 2-for-4 with standout defense in Game 1.
SS Alcides Escobar
2B Ben Zobrist
CF Lorenzo Cain
1B Eric Hosmer
DH Kendrys Morales
3B Mike Moustakas
C Salvador Perez
LF Alex Gordon
RF Alex Rios
SP Johnny Cueto
Royals manager Ned Yost sticks with the same lineup as Game 1, which isn’t surprising given that he trotted out the same lineup for basically the entire postseason run last year. Cueto gets the ball after Yost chose Yordano Ventura for Game 1 duties.