MLB is pushing Hicks' creditors to sign-off on the Rangers sale

Leave a comment

Jeff Wilson of the Star-Telegram reports that MLB is stepping in to the Tom Hicks-HSG Creditors dispute in an effort to get the Rangers sale locked down:

The last obstacle delaying the sale of the Texas Rangers could be
cleared this week, thanks to an assist from Major League Baseball. Sources
confirmed that the lenders who hold $525 million in Hicks Sports
Group debt were sent a request from MLB to reach a settlement with HSG by the end of the week.
An
agreement would allow the deal in place with Chuck Greenberg and Nolan Ryan to move forward toward final approval from baseball’s club
owners.

Look, I know I’ve been critical and pessimistic about this deal for a long time, but believe me when I say that I don’t mean to be pessimistic when I ask why a request from Major League Baseball to the creditors would constitute “an assist” that could make this get put to bed any faster than it otherwise would.  If it were more than a request — if say, MLB kicked in some money or promises or something that could help bridge the gap between Hicks and his creditors — I could see how that could wrap things up.

But what would a mere request from a non-party to the debt really do? If the creditors are trying to squeeze money out of Hicks to let this thing happen, the only thing that will make them do so is more money. From everything that has been reported these creditors are trying to take advantage of their temporary leverage to extract as much dough as possible. Based on this report all baseball is doing is asking these guys to get the deal done on Greenberg and Ryan’s timetable. So what? Everyone has been wanting that for months.

My guess, and it is just a guess, is that one of two things is happening: (1) Wilson is being a tad optimistic about what MLB’s “request” could accomplish and reaches his “assist” conclusion a bit too hastily; or (2) Baseball has done more than “request” that the deal get done. Rather, they’ve offered something to the creditors to facilitate it but understandably don’t want to be seen as bailing out Hicks any more than they already have.

Either way, everyone is saying that they think this will be done the week of April 19th. 

Major League Baseball told Kolten Wong to ditch Hawaii tribute sleeve

Getty Images
8 Comments

Derrick Goold of the St. Louis Post-Dispatch reports that Major League Baseball has told Cardinals infielder Kolten Wong that he has to get rid of the colorful arm sleeve he’s been wearing, pictured above, that pays tribute to his native Hawaii and seeks to raise awareness of recovery efforts from the destruction caused by the erupting Mount Kilauea.

Goold:

[Wong] has been notified by Major League Baseball that he will face a fine if he continues to wear an unapproved sleeve that features Hawaiian emblem. Wong said he will stash the sleeve, like Jose Martinez had to do with his Venezuelan-flag sleeve, and find other ways to call attention to his home island.

Willson Contreras was likewise told to ditch his Venezuela sleeve.

None of these guys are being singled out, it seems. Rather, this is all part of a wider sweep Major League Baseball is making with respect to the uniformity of uniforms. As Goold notes at the end of his piece, however, MLB has no problem whatsoever with players wearing a non-uniform article of underclothing as long as it’s from an MLB corporate sponsor. Such as this sleeve worn by Marcell Ozuna, supplied by Nike that, last I checked, was not in keeping with the traditional St. Louis Cardinals livery:

ST. LOUIS, MO – MAY 22: Marcell Ozuna #23 of the St. Louis Cardinals celebrates after recording his third hit of the game against the Kansas City Royals in the fifth inning at Busch Stadium on May 22, 2018 in St. Louis, Missouri. (Photo by Dilip Vishwanat/Getty Images)

If Nike was trying to get people to buy Hawaii or Venezuela compression sleeves I’m sure there would be no issue here. They’re not, however, and it seems like creating awareness and support for people suffering from natural, political and humanitarian disasters does not impress the powers that be nearly as much.