Mark Cuban expresses interest in Texas Rangers
Article By Unknown on 17th July, 2010
Sporting News staff reports
Dallas Mavericks owner Mark Cuban has thrown his name into the mix as a potential bidder for the Texas Rangers, according to the Fort Worth Star-Telegram.
Cuban would either join the group led by Nolan Ryan and Chuck Greenberg or join another group as a major investor.
"The economics have changed, which has gotten me interested," Cuban told the Star-Telegram via e-mail. "My lawyers are still going through everything, but the bigger point is that I now have an interest."
Added Cuban: "I think there is an opportunity to organize a bid for the team. Or if it's feasible or possible -- and I don't know for sure if it is or isn't -- to work with Chuck and Nolan and their group. I'm not trying to push anyone off or out. I'm exploring."
Last week the New York Post reported Cuban had been added to a group led by former player agent Dennis Gilbert, who was among the early bidders for the club.
In January, Greenberg and Ryan reached a deal to purchase the team from owner Tom Hicks. However, major lenders blocked the move, claiming there were higher bids than the one from Greenberg and Ryan. The fate of the franchise, which is in bankruptcy, remains in limbo with an auction one possibility to determine a new owner.
Cuban made an attempt to purchase the Cubs before the franchise eventually was sold to Tom Ricketts in January 2009.
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Cuban would either join the group led by Nolan Ryan and Chuck Greenberg or join another group as a major investor.
"The economics have changed, which has gotten me interested," Cuban told the Star-Telegram via e-mail. "My lawyers are still going through everything, but the bigger point is that I now have an interest."
Added Cuban: "I think there is an opportunity to organize a bid for the team. Or if it's feasible or possible -- and I don't know for sure if it is or isn't -- to work with Chuck and Nolan and their group. I'm not trying to push anyone off or out. I'm exploring."
Last week the New York Post reported Cuban had been added to a group led by former player agent Dennis Gilbert, who was among the early bidders for the club.
In January, Greenberg and Ryan reached a deal to purchase the team from owner Tom Hicks. However, major lenders blocked the move, claiming there were higher bids than the one from Greenberg and Ryan. The fate of the franchise, which is in bankruptcy, remains in limbo with an auction one possibility to determine a new owner.
Cuban made an attempt to purchase the Cubs before the franchise eventually was sold to Tom Ricketts in January 2009.
...
Read Complete Article at Latest Sporting News Articles for MLB
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