UPDATE: I received a call from someone with the Greenberg group. They couldn’t explicitly comment because of confidentiality agreements, but they deny the report that there is anything amiss with financing and say that everything is going just fine.
Fair enough. The way it breaks down right now, however, is that I have a source I trust and who has no dog in the hunt telling me that there are issues with the financing. I have a party with an undeniable interest in the matter telling me that all is hunky dory. Absent anything new, I am going to stick with the report as it currently stands. Greenberg has a window to negotiate. If he has a deal at the end of all of this, we’ll know that, ultimately, there weren’t any problems (or at least the problems were overcome). If it falls through, we’ll know differently.
3:02 P.M.: A source is telling me that that the Chuck Greenberg/Nolan Ryan group’s bid for the Rangers is in trouble. Money trouble, specifically, as in they’re having problems putting financing together and it has Major League Baseball concerned that the bid may not be viable. Tom Hicks — who stands to be a minority stakeholder in the Greenberg group and desperately needs to sell the team to save his Hicks Sports Group — is freaking out.
You’ll recall that Greenberg’s group beat out the MLB-favored bid led by former agent Dennis Gilbert and the reportedly highest bid by Houston businessman Jim Crane. What they won was an exclusive negotiating window. It may have been the Hicks/Nolan Ryan factor more than the merits of the bid that won the day, however, because even before this report there were whispers that Greenberg, while a great minor league operator, may not have the financial wherewithal to pull this off.
If the Greenberg bid falls through, it’s back to square one. Specifically, it would mean that the Rangers would be left with Gilbert, for whom Nolan Ryan said he would not work, and Crane,
who everyone who matters in Major League baseball hates because he reneged on a previous bid for a team (UPDATE: Apparently hatchets, to the extent they ever were wielded along these lines have been buried. I missed this over the weekend. Apologies).
Merry Christmas Rangers fans!