News

Report from Reuters: Just Maybe, the Texas Rangers Will Be Sold By the End of the Year

I see the Texas Rangers can't afford to refund True Believers' playoff-ticket money till November at best -- klassy! But good news, Rangers fans: Reuters reports today that the three parties interested in taking the team off Tom Hicks's debt-heavy hands are due to meet with management as soon as next week in the hopes of getting a new owner installed sooner than later. As in:

The goal is to have a winner identified by late November and a sale completed by year end, said the sources, who asked not to be identified discussing the ongoing process. The Rangers are expected to attract bids of $500 million to $550 million, analysts have said.
For those needing a recap, these are the three parties interested in buying the club. Reuters says there's a fourth suitor that's been added to the mix, but it's nothing serious. Hey, c'mon. I've got 20 bucks. Ah, yes.

KEEP THE DALLAS OBSERVER FREE... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Robert Wilonsky
Contact: Robert Wilonsky