UPDATE: Hicks has deal in place to sell Rangers

Leave a comment

UDPATE: The group headed by Greenberg, under the moniker “Rangers Baseball Express,” has a deal in place to purchase the Rangers from Hicks. An official sale price was not announced, but a source told Richard Durrett of ESPN Dallas that the price tag was under $570 million, which covers the team, the lease at Rangers Ballpark in Arlington and approximately 153 acres of real estate around the park. Greenberg acknowledged the purchase in a statement:

“Nolan and I greatly appreciate Tom Hicks’ willingness to work beyond
the deadline to complete the deal and his support for passing the torch
from the Hicks family to our group. His actions speak eloquently to his commitment to serve the best
interests of Rangers fans and the community.

The agreement won’t likely go into effect until March or Opening Day.

SATURDAY 1:41 pm: Tom Hicks, current owner of the Texas Rangers, is just about ready to hand the organization over to a new ownership group.  Word comes from MLB.com’s T.R. Sullivan that a deal could be reached as soon as this afternoon.

Hicks also owns the Dallas Stars and has a fifty percent stake in the English Premier League’s Liverpool Football Club, but he’s fallen on hard times recently due to the ongoing economic crisis in this country.

The new ownership group is headed by Chuck Greenberg, a sports attorney from Pittsburgh, and current club president Nolan Ryan.  The Rangers, under Hicks, won back-to-back American League West division championships in 1998 and 1999 and posted an 87-75 record last season.  With guys like Ian Kinsler, Josh Hamilton, Michael Young, Neftali Feliz and Vladimir Guerrero in tow, they’re ready to compete for another division crown this year.

Cardinals place Michael Wacha on the injured list

Getty Images
Leave a comment

This was unexpected: the Cardinals have placed starter Michael Wacha on the 10-day injured list, retroactive to April 19. The reason: left knee patellar tendinitis.

Wacha allowed only two runs over six innings, striking out seven and walking only one in his last start, which came last Wednesday over the Brewers, but he was either pitching through pain or it just flared up late last week.

Drew Robinson — a position player — has been called up from Triple-A Memphis to take Wacha’s place on the roster. A spot starter will take Wacha’s turn tomorrow. Hopefully Wacha will only have to miss one start.