As expected, the creditors are objecting to the Rangers bankruptcy plan

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The first hearing was held in the Texas Rangers bankruptcy yesterday.  As I presumed might happen, the creditors to Hicks Sports Group spoke up and objected to the Greenberg-Ryan sale, insisting that baseball “fast-tracked” the team’s sale to a lower bidder and that “there’s a better bid out there.”

There will be a lot happening in the bankruptcy case because, as we established on Monday, bankruptcy is really friggin’ complicated.  The creditor’s objection, however, is the thing to watch, because it’s the thing that could derail the sale as currently constructed.

With the usual caveat of “please let me know if I’m wrong about this, bankruptcy experts,” the upshot of what is going to happen now is that the judge will hold a hearing as to whether, in fact, there is a better deal for the creditors* out there, and if he finds that there is, he will repoen the bidding, allowing in Jim Crane, Dennis Gilbert, you, me and anyone else who wants to buy the Rangers to bid again. The hearing is set for July 9th.

The inquiry about whether a better bid exists isn’t merely a price comparison however. For example, it’s quite possible that the Crane and Gilbert bids are no longer operative and Greenberg is the only game in town. It’s possible that, even if they are operative and had higher sales prices that their terms for the creditors were no better and in fact worse than Greenberg’s.

What I’m saying here is that just because we’ve heard reports that Greenberg wasn’t the high bidder doesn’t mean that the bankruptcy court will put the kibosh on this deal. Indeed, in filing this bankruptcy the Rangers — no doubt in consultation with Greenberg — knew that this analysis would likely happen and felt confident enough about their chances to go through with it.

We’ll know if this was a good gamble some time after July 9th.

*Until now all decisions on the sale have been between the Rangers, the Greenberg Group and Major League Baseball.  In the usual order of things that’s fine — they can decide to do what they want to do, and if the Rangers want to take a lower bid they can.  Once the team goes to bankruptcy court, however, the law mandates that the best interests of the creditors — and not just the best interests of the owner of the bankrupt business — reign supreme. 

Nationals owner Mark Lerner had his left leg amputated

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Mark Lerner, son of Ted Lerner and a co-owner of the Washington Nationals, had his left leg amputated earlier this month. He was diagnosed earlier this year for a rare form of cancer that a attacks connective tissue and treatment had been ineffective, so doctors removed the limb.

The news was revealed in the form of a letter Lerner wrote to Washington Post columnist Barry Svrluga, who had inquired about Lerner’s uncharacteristic absence from the ballpark of late. Lerner:

“With my doctors and medical team, we decided that amputation of that leg was my best choice to maintain the active and busy lifestyle that I have always enjoyed. The limb was removed in early August and I’m healing well, cancer-free, and looking forward to my eventual new prosthetic.”

Lerner, 63, has been known to dress up in a Nats uniform and shag fly balls with the team during batting practice. Here’s hoping for a speedy recovery and, if his prosthetic allows, some more BP shagging at some point in the future.

New Marlins owners are going to dump David Samson, keep the home run sculpture

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The Miami Herald reports that the future Miami Marlins owners, Bruce Sherman and Derek Jeter, have informed Major League Baseball that they do not intend to retain current team president David Samson. Derek Jeter will replace him as the person in charge of baseball and business operations.

Samson has been a polarizing figure in Miami and has been seen as Jeff Loria’s front-facing presence in many ways. He led the effort for the team to get its new stadium, which led to political scandal and outrage in Miami (not that he didn’t get his stadium). In 2014, he appeared on “Survivor.” He did not survive.

What will survive, however, is the famous home run sculpture in the outfield at Marlins Park. You’ll recall some reports earlier this week that Sherman and Jeter were thinking about removing it. If so, they’ll have a lot of hurdles to jump, because yesterday the Miami-Dade County government reminded them that it was paid for by its Art in Public Places program, it is thus owned by the county and that it cannot be moved without prior approval from the county.

I know a lot of people hate that thing, but it has grown on me over the years. Not for its own aesthetic sake as much for its uniqueness and whimsy, which are two things that are in extraordinarily short supply across the Major League Baseball landscape. Like a lot of new and different bits of art and architecture over the course of history, I suspect its initial loathing will increasingly come to be replaced by respect and even pride. Especially if the Marlins ever make another World Series run, in which case everything associated with the club will be elevated in the eyes of fans.

On this score, Sherman and Jeter will thank Miami-Dade for saving themselves from themselves one day.