Jeff Wilson of the Star-Telegram reports that MLB is stepping in to the Tom Hicks-HSG Creditors dispute in an effort to get the Rangers sale locked down:
The last obstacle delaying the sale of the Texas Rangers could be
cleared this week, thanks to an assist from Major League Baseball. Sources
confirmed that the lenders who hold $525 million in Hicks Sports
Group debt were sent a request from MLB to reach a settlement with HSG by the end of the week. An
agreement would allow the deal in place with Chuck Greenberg and Nolan Ryan to move forward toward final approval from baseball’s club
Look, I know I’ve been critical and pessimistic about this deal for a long time, but believe me when I say that I don’t mean to be pessimistic when I ask why a request from Major League Baseball to the creditors would constitute “an assist” that could make this get put to bed any faster than it otherwise would. If it were more than a request — if say, MLB kicked in some money or promises or something that could help bridge the gap between Hicks and his creditors — I could see how that could wrap things up.
But what would a mere request from a non-party to the debt really do? If the creditors are trying to squeeze money out of Hicks to let this thing happen, the only thing that will make them do so is more money. From everything that has been reported these creditors are trying to take advantage of their temporary leverage to extract as much dough as possible. Based on this report all baseball is doing is asking these guys to get the deal done on Greenberg and Ryan’s timetable. So what? Everyone has been wanting that for months.
My guess, and it is just a guess, is that one of two things is happening: (1) Wilson is being a tad optimistic about what MLB’s “request” could accomplish and reaches his “assist” conclusion a bit too hastily; or (2) Baseball has done more than “request” that the deal get done. Rather, they’ve offered something to the creditors to facilitate it but understandably don’t want to be seen as bailing out Hicks any more than they already have.
Either way, everyone is saying that they think this will be done the week of April 19th.
You’ll recall the little controversy last month when Ichiro Suzuki passed Pete Rose’s hit total. Specifically, when Ichiro’s Japanese and American hit total reached Rose’s American total of 4,256 and a lot of people talked about Ichiro being the new “Hit King.” You’ll also recall that Rose himself got snippy about it, wondering if people would now think of him as “the Hit Queen,” which he took to be disrespect.
There’s a profile of Ichiro over at ESPN the Magazine and reporter Marly Rivera asked Ichiro about that. Ichiro’s comments were interesting and quite insightful about how ego and public perception work in the United States:
I was actually happy to see the Hit King get defensive. I kind of felt I was accepted. I heard that about five years ago Pete Rose did an interview, and he said that he wished that I could break that record. Obviously, this time around it was a different vibe. In the 16 years that I have been here, what I’ve noticed is that in America, when people feel like a person is below them, not just in numbers but in general, they will kind of talk you up. But then when you get up to the same level or maybe even higher, they get in attack mode; they are maybe not as supportive. I kind of felt that this time.
There’s a hell of a lot of truth to that. Whatever professional environment you’re in, you’ll see this play out. If you want to know how you’re doing, look at who your enemies and critics are. If they’re senior to you or better-established in your field, you’re probably doing something right. And they’re probably pretty insecure and maybe even a little afraid of you.
The rest of the article is well worth your time. Ichiro seems like a fascinating, insightful and intelligent dude.
In 2012 Curt Schilling’s video game company, 38 Studios, delivered the fantasy role-playing game it had spent millions of dollars and countless man hours trying to deliver. And then the company folded, leaving both its employees and Rhode Island taxpayers, who underwrote much of the company’s operations via $75 million in loans, holding the bag.
The fallout to 38 Studios’ demise was more than what you see in your average business debacle. Rhode Island accused Schilling and his company of acts tantamount to fraud, claiming that it accepted tax dollars while withholding information about the true state of the company’s finances. Former employees, meanwhile, claimed — quite credibly, according to reports of the matter — that they too were lured to Rhode Island believing that their jobs were far more secure than they were. Many found themselves in extreme states of crisis when Schilling abruptly closed the company’s doors. For his part, Schilling has assailed Rhode Island politicians for using him as a scapegoat and a political punching bag in order to distract the public from their own misdeeds. There seems to be truth to everyone’s claims to some degree.
As a result of all of this, there have been several investigations and lawsuits into 38 Studios’ collapse. In 2012 the feds investigated the company and declined to bring charges. There is currently a civil lawsuit afoot and, alongside it, the State of Rhode Island has investigated for four years to see if anyone could be charged with a crime. Today there was an unexpected press conference in which it was revealed that, no, no one associated with 38 Studios will be charged with anything:
An eight-page explanation of the decision concluded by saying that “the quantity and qualify of the evidence of any criminal activity fell short of what would be necessary to prove any allegation beyond a reasonable doubt and as such the Rules of Professional Conduct precluded even offering a criminal charge for grand jury consideration.”
Schilling will likely crow about this on his various social media platforms, claiming it totally vindicates him. But, as he is a close watcher of any and all events related to Hillary Clinton, he no doubt knows that a long investigation resulting in a declination to file charges due to lack of evidence is not the same thing as a vindication. Bad judgment and poor management are still bad things, even if they’re not criminal matters.
Someone let me know if Schilling’s head explodes if and when someone points that out to him.