Selig to seize Rangers; creditors to force team into bankruptcy

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What was merely suggested a week ago now appears all but certain. In response to Major League Baseball’s warning that it was going to seize the Texas Rangers from Tom Hicks and invalidate the debt that held by the creditors to Hicks Sports Group, the creditors have voted to reject the deal, reports Daniel Kaplan of Sports Business Journal.

The result of this is that when baseball makes its move — which should happen following the owners’ meeting scheduled for later this week — the creditors will sue, forcing the Rangers into bankruptcy court and potentially opening the sale up for other bidders.  It would be up to a bankruptcy judge to determine whether that comes to pass or, alternatively, if Selig is within his powers to kick the creditors to the curb.

Which seems like a lose-lose for baseball.

If the creditors prevail it quite obviously delays the sale of the team and possibly takes Chuck Greenberg and Nolan Ryan out of the owners’ suite in favor of a higher biddder, should one emerge.  This is clearly not what Selig wanted, inasmuch as everyone seems pretty pleased with the Greenberg/Ryan team.

But say baseball wins the battle, is able to shrug the liens off the Rangers, and pays them a pittance to go away, thereby paving the way for the sale. If that happens, isn’t every bank and investment fund who ever considered lending money to a sports team going to freak out? Why on Earth would any of them give money to a sports team if they have good reason to believe that the debtor could simply refuse to pay up and then have the league come in and invalidate the debt in the first place?

Sure, there’s a lot to be said for team owners being forced to operate within their budgets and not rely on so much debt.  I’ve said plenty on the subject in the past. But I don’t think most team owners agree with me on that score, and they can’t be all too happy about the prospect of having all sources of credit dry up.

Report: Mike Trout uninjured in postgame car crash

FILE - In this Sept. 4, 2015, file photo, Los Angeles Angels' Mike Trout waits in the dugout before the team's baseball game against the Texas Rangers in Anaheim, Calif. In late May, Carlos Correa an the Houston Astros visit the Angels for the first time this season. (AP Photo/Jae C. Hong, File)
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CBS Los Angeles reports that Mike Trout was unhurt following a car crash that sent a woman to the hospital Wednesday night in Tustin, California.

Trout, who was given what was said to be a routine night off in the Angels’ home game against the Reds on Wednesday night, was driving and reportedly collided with two other cars while trying to stop for a crash in front of them. It was the original crash that led to the hospitalization of a woman. Trout’s portion of the accident apparently wasn’t quite as serious. He was pictured standing next to a first responder and looking at his phone following the accident.

 

Mets’ Neil Walker expected to undergo season-ending back surgery

SAN FRANCISCO, CA - AUGUST 21: Neil Walker #20 of the New York Mets sits in the dugout before the game against the San Francisco Giants at AT&T Park on August 21, 2016 in San Francisco, California.  The New York Mets defeated the San Francisco Giants 2-0. (Photo by Jason O. Watson/Getty Images)
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Jared Diamond of The Wall Street Journal reports that Mets second baseman Neil Walker is expected to undergo season-ending surgery to fix a herniated disk in his lower back. Walker has avoided the disabled list but hasn’t played since last Saturday and has only two starts since August 22.

If Walker does indeed go under the knife, he’ll end his first season with the Mets with a terrific .282/.347/.476 triple-slash line with 23 home runs and 55 RBI in 458 plate appearances. While the Mets couldn’t have foreseen Daniel Murphy having such a terrific season, Walker was more than adequate in Murphy’s shoes at second base.

Kelly Johnson and Wilmer Flores have handled second base in Walker’s absence and will continue to do so through the remainder of the season.