Creditors reject Greenberg's latest offer

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Chuck Greenberg keeps telling everyone who will listen that there’s nothing to worry about, the sale of the Rangers will close by April 1, and all will be happy and sunshine. Events on the ground, however, continue to make such a scenario less and less likely. According to Daniel Kaplan of Sports Business Daily:

Hicks Sports Group creditors late last week again turned down terms for the
sale of the Rangers, continuing to throw into question when the ballclub will
be sold, sources said.

To review, under terms of the initial deal, the creditors were to get $230 million in cash. They want $300 million and have at least claimed that they’d throw the team into bankruptcy court in order to get it.  Now, to be fair, the odds of actually collecting that amount in bankruptcy court are rather small, and that’s before you even figure in the legal fees and hassle. But that’s the posture anyway, and each time Greenberg has attempted to get the deal done, they’ve said no dice.

Last week’s back and forth had Greenberg upping the offer to $240 million or $275 million depending on who you believe (the $275 million figure was supposed to contain deferred money).  $30-$60 million ain’t hay, so it’s not like you can expect the creditors to simply say “ah, screw it, let’s just round down” any more than you can expect Greenberg to simply say “ah screw it, I’ll just write you a check to get it done.”

This doesn’t mean Greenberg doesn’t end up with the Rangers at some point. It does, however, yet again, render the rosy “every little thing gonna be alright” jazz he’s been peddling since December increasingly silly.  Deals of this size get derailed over far less than $60 million, and even if they end up going through, a difference in that amount can utterly destroy the timeline.

Upshot: there’s a very real possibility that the Rangers may spend another season, or at least a good chunk of it, in the same kind of financial limbo they were in last year. A year in which they had to beg MLB for loans.

Video: Christian Yelich belts league-best 20th home run of 2019

Christian Yelich
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It’s been a good week for multitalented Brewers slugger Christian Yelich, who showed off his beer chugging capabilities during a Bucks game on Thursday night, then returned to dominate the baseball sphere on Friday with his 20th home run of the season.

In the third inning, Yelich worked a full count against Phillies right-hander Jerad Eickoff, finally letting loose on a 91.1-m.p.h. fastball that dipped into the right field corner to help the Brewers snap a 2-2 tie:

According to MLB Stats, the 27-year-old outfielder reached the 20-homer threshold in the fewest number of team games since Josh Hamilton did it for the Rangers in 2012. Friday’s blast also marked the third such hit he’s recorded against the Phillies in the last two weeks alone, following two home runs off of Edgar García and Zach Eflin during the club’s last road trip.

Entering Friday’s opener, Yelich held a .325/.440/.732 batting line with 19 homers, nine stolen bases, and a 1.172 OPS through 191 plate appearances. While he was held out for the majority of the week’s games due to a mild case of back spasms, he appears to have made a full recovery.

The Brewers currently lead the Phillies 4-3 in the fourth.