Deadline passes, but Rangers close to being sold

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Their exclusive 30-day negotiation window has closed without a deal,
but an investment group led by Pittsburgh sports attorney Chuck
Greenberg and Hall of Fame pitcher Nolan Ryan said “extraordinary
progress” had been made in talks to buy the Rangers from Hicks Sports Group.

“We are on the verge of an agreement
that would provide Tom Hicks the value he seeks and the Texas Rangers
the resources to become champions,” the statement from Greenberg and
Ryan said.

It’s unclear whether the negotiation window will be extended, or
whether Hicks will consider bids from other finalists. If the sale with
Greenberg is completed, Hicks would still provide the second-largest
investment in the team, however he would make no baseball decisions.
Ryan would resume his role as team president, a role he has had for the
past two seasons.