Bankruptcy trustee tells the Rangers to get new lawyers

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Many people thought it problematic when it was revealed several months ago that Tom Hicks was both (a) selling the Rangers; and (b) part of the ownership buying the Rangers.  Different capacities, sure, in that Tom Hicks the individual was buying from an entity — Hicks Sports Group — that Hicks just so happened to own and run, but it is the kind of thing that raises eyebrows among those who are not used to the often convoluted and incestuous world of closely-held corporations.

But public perception may not be the only problem. The trustee overseeing the Rangers’ bankruptcy has a problem with at least one aspect of the overall arrangement, and that involves the law firms.  Take it away Barry Shlachter:

U.S.
Trustee William Neary asserted that all of the work – and millions
in fees – Weil Gotshal & Manges received from team owner Tom Hicks
jeopardized the fairness and transparency expected by the
public, including Rangers fans. Attorneys for the baseball
franchise are charged with acting in its best interests, not that
of the outgoing ownership.

“Undoubtedly, Weil
Gotshal & Manges’ role evolved and shifted as events
transpired before the bankruptcy case, but it was WGM’s responsibility
to focus on the conflicts issue,” Neary said in the filing with a
U.S. bankruptcy court in Fort Worth.

Weil Gotshal denies any suggestion that it was conflicted, of course.

My view: I’m just a dumb litigator who nobody ever let near the table when a complicated deal was being negotiated, but it’s not like having the same law firm all over a transaction like this has never happened before. There are a lot of ways to guard against conflicts when you have hundreds and hundreds of lawyers you can throw at a deal, many of whom don’t even know one another.  Best practice in the world? Nah, but it’s not, in and of itself, fatal.

In light of that my guess is that there was something specifically troublesome that either Hicks or the law firm was doing during the course of this deal that raised the ire of the trustee. These things tend to get ironed out pretty quickly, however, and my guess is that the law firm problem doesn’t cause any big hiccup in a deal that has enough other hiccups.

Who is the fastest sprinter in baseball?

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We’re not talking the 100 meters here. We’re talking practical baseball sprinting. That’s defined by the StatCast folks at MLB as “feet per second in a player’s fastest one-second window,” while sprinting for the purposes of, you know, winning a baseball game.

StatCast ranked all players who have at least 10 “max effort” runs this year. I won’t give away who is at the top of this list, but given that baseball’s speedsters tend to get a lot of press you will not be at all surprised. As for the bottom of the list, well, the Angels don’t pay Albert Pujols to run even when he’s not suffering from late career chronic foot problems, so they’ll probably let that one go. I will say, however, that I am amused that the third slowest dude in baseball is named “Jett,” however.

Lately people have noticed some odd things about home run distances on StatCast, suggesting that maybe their metrics are wacko. And, of course, their means of gauging this stuff is proprietary and opaque, so we have no way of knowing if their numbers are off the reservation or not. As such, take all of the StatCast stuff you see with a grain of salt.

That said, even if the feet-per-second stuff is wrong here, knowing that Smith is faster than Jones by a factor of X is still interesting.

Here are the final All-Star voting results before the close of balloting

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All-Star voting ends this Thursday night, just before midnight eastern time. The All-Star teams — at least how they’ll appear before the dozen or two substitutions we’ll get before the game — will be unveiled on Sunday at 7pm on ESPN, just before Sunday Night Baseball.

Which means you still have time to alter these standings, which now stand as the final update before things are set in, well, not stone, but at least some Play-Doh which has been left out of the can too long and is kinda hard to mess with.

NATIONAL LEAGUE

AMERICAN LEAGUE