Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Login-facebook
Around SBN: 2011 In Extreme Home Runs

Evan Grant: Tom Hicks' bid to keep Rangers apparently crippled

Evan Grant has a story that just went up at the DMN, saying that MLB has squashed an attempt by Hicks to negotiate a contract extension with Fox Sports for the broadcast rights to Rangers games, that would have provided an immediate cash infusion that Hicks could use to pay down debt, but which apparently significantly reduce future cash flow for the team.

Grant indicates that that makes it a lot less likely that Hicks is going to be able to keep the Rangers, even if MLB would allow it at this point (which seems pretty unlikely anyway).  Grant also suggests that an announcement on the winner could come as early as next week.

Comment 77 comments  |  0 recs  | 

Do you like this story?

Comments

Display:

Yay.

I failed my LSB ethics test.

"It's kind of a new stat that's in vogue" - Joe Buck on OPS

by LSJ on Dec 2, 2009 10:02 PM CST reply actions  

But but but...

Grant is just a mouthpiece of Hicks and the current Rangers front office.

by rcreative on Dec 2, 2009 10:02 PM CST reply actions  

Who says that?

That’s TR…

I’m sick of hearing about it this crap and I can’t wait to see Hick’s gone!

Scott Feldman – "The greatest Hawaiian-born Jewish baseball player to ever set foot on the mound."

by Pocket Ninja on Dec 2, 2009 10:30 PM CST up reply actions  

My engrish no so good tonight.

Scott Feldman – "The greatest Hawaiian-born Jewish baseball player to ever set foot on the mound."

by Pocket Ninja on Dec 2, 2009 10:30 PM CST up reply actions  

Josey says that all the time

He says it almost daily that EG is a mouth piece for Hicks.

2009 Texas Rangers: Why The Hell Not Us?--ghtd36 on May 13, 2009
In the interest of quicker games Ron should just tell the ump he's pulling the Feliz card and the ump should rule the inning over.--Sherman McCoy on Sept. 4, 2009

by boomer1 on Dec 2, 2009 10:43 PM CST up reply actions  

Texas Tech 41 Oklahoma 13

Suck on them apples.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 2, 2009 10:44 PM CST up reply actions  

I find it funny how someone can pride themselves over

the short amount of success that Texas Tech has had compared to the storied program that is Oklahoma. Hilarious.

"Blister please, with those wings in your spine.
Love to be with a brother of mine.
How he'd love to find your tongue in his teeth,
In a struggle to find secret songs that you keep,
Wrapped in boxes so tight, sounding only at night as you sleep." ~Jeff Mangum; Neutral Milk Hotel

by jdh90 on Dec 3, 2009 1:12 AM CST up reply actions  

Texas A&M 52, Texas Tech 30

Suck on that.

"Dying ain't hard. It’s living in the wake of a thorough public humiliation that’s hard.--JDT217

Internet greatness http://www.lonestarball.com/2009/11/10/1125340/will-carroll-calls-out-josey-wales

by WestTxAg06 on Dec 3, 2009 5:58 AM CST via mobile up reply actions  

Congrats, Aggie.

That was a nice win for your little program…who would have thought you could beat both Baylor & Texas Tech in the same season?

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 8:09 AM CST up reply actions  

I'll grant you Tech's dominance over A&M since the Zach Thomas INT in '95

But to act like Baylor had some sort of dominance is ludicrous. They beat a terrible A&M team last year, and in convincing and embarrassing fashion. That was their SECOND win over A&M in the last twenty years.

"Dying ain't hard. It’s living in the wake of a thorough public humiliation that’s hard.--JDT217

Internet greatness http://www.lonestarball.com/2009/11/10/1125340/will-carroll-calls-out-josey-wales

by WestTxAg06 on Dec 3, 2009 8:14 AM CST up reply actions  

Baylor had no dominance.

But it isn’t like the series has been completely dominated by A&M recently either. Scores:

2004: A&M 34, BU 35
2005: BU 13, A&M 16 (OT)
2006: A&M 31, BU 21
2007: BU 10, A&M 34
2008: A&M 21, BU 41
2009: BU 3, A&M 38

Considering that Baylor lost it’s starting QB/best player on the team 3 games into the year, it’s not terribly surprising. I do think it’s ridiculous for Aggies to act like their program deserves to be mentioned with UT and gets offended by being equated with Tech. Sure their team looks to be good next year (assuming the defense develops some), but they have been much closer to Baylor in the Big 12 South basement than they have to Tech over the past 5 years.

If Brad Pitt is playing Beane who do you want playing you?
JD: Eddie Guardado.

by GhettoBear04 on Dec 3, 2009 9:34 AM CST up reply actions  

I don't think any rational Aggie would disagree that we've been closer to the bottom of the South than the top

We deserve to be mentioned with the Texases of the world when we’re talking about our resources and potential, but we’ve fallen embarrassingly short of what we’re capable of for a long, long time.

"Dying ain't hard. It’s living in the wake of a thorough public humiliation that’s hard.--JDT217

Internet greatness http://www.lonestarball.com/2009/11/10/1125340/will-carroll-calls-out-josey-wales

by WestTxAg06 on Dec 3, 2009 9:48 AM CST up reply actions  

That's the problem...

…there are a ridiculously large number of irrational Aggies.

If Brad Pitt is playing Beane who do you want playing you?
JD: Eddie Guardado.

by GhettoBear04 on Dec 3, 2009 10:48 AM CST up reply actions  

Well, I don't necessarily disagree with that

In fairness, though, they’re not larger, they’re just a louder and more obnoxious piece of the fan base than the rational and levelheaded segment.

"Dying ain't hard. It’s living in the wake of a thorough public humiliation that’s hard.--JDT217

Internet greatness http://www.lonestarball.com/2009/11/10/1125340/will-carroll-calls-out-josey-wales

by WestTxAg06 on Dec 3, 2009 2:00 PM CST up reply actions  

Geez got me there Josey

Lets see last year national spotlight playing for something and getting crushed in front of the entire country. This year a crippled OU team that had lost 4 games already and not in the top 25 with nothing on the line for TT. Yep I can’t compete with that.

2009 Texas Rangers: Why The Hell Not Us?--ghtd36 on May 13, 2009
In the interest of quicker games Ron should just tell the ump he's pulling the Feliz card and the ump should rule the inning over.--Sherman McCoy on Sept. 4, 2009

by boomer1 on Dec 3, 2009 6:39 AM CST up reply actions  

"A crippled OU team"...

You mean the same “crippled” team that thrashed Oklahoma State 27-0 the following week?

Tech beat you with their second string QB. Yes, Potts began the season as a starter but lost his job to a walk-on and then a red shirt freshman.

I can’t put into words what a terrible QB Potts has been (he’s the reason we tip-toed past Baylor) this year so I don’t want to hear how “crippled” Oklahoma (who always has one of the best recruiting classes) was when Tech played them.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 8:25 AM CST up reply actions  

blah blah blah

Tech sucks

A baseball game is simply a nervous breakdown divided into nine innings.

by NothinG on Dec 3, 2009 8:38 AM CST up reply actions  

Now, now...

we’re a long way from being one of the super powers in NCAA Football but the plucky underdog from West Texas that has somehow found a way to field a winning program in the Big 12 (only team in the the Big 12 to have a winning record every year) and carve a nice little niche for itself.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 9:19 AM CST up reply actions  

Yeah you are right Josey

Losing the whole O-line from last year, a Heisman QB and a All-American TE. Yeah the Sooners have no excuse to not have won every game this year.

Bright lights, national game and the biggest game TT has EVER had and what did they do last year? Laid an egg in front of millions of people. No pressure playing a bad team at home that had already lost 4 games playing with backups yep great win.

See Josey how things get started? I posted a fact about you and EG and your response is OU football? Really? Just because I called you out with a fact and you had nothing you fall back to what you know….being stupid.

You will get no more out of me today. I would rather watch paint dry than listen to your dumb ass.

2009 Texas Rangers: Why The Hell Not Us?--ghtd36 on May 13, 2009
In the interest of quicker games Ron should just tell the ump he's pulling the Feliz card and the ump should rule the inning over.--Sherman McCoy on Sept. 4, 2009

by boomer1 on Dec 3, 2009 9:18 AM CST up reply actions   1 recs

Agree.

If this sale goes through, I’m gonna be like this, except happy

"...like some Russian priest fresh off a bottle of potato vodka and a box of cigars." -t ball

by rangerdanger on Dec 3, 2009 3:57 AM CST up reply actions  

that Loria comp is looking a little more real

if we were going to be strapped for cash even more than we are now. Get Hicks OUT!

I just don’t get how MLB will even trust in HSG to make a decision on the bidding process with Hicks involved. I have a feeling Hicks doesn’t know when to stop.

A baseball game is simply a nervous breakdown divided into nine innings.

by NothinG on Dec 2, 2009 10:30 PM CST up reply actions  

Yet we have dumbass after dumbass

come in here and say “Tom Hicks really wasn’t that bad of an owner.”

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 2, 2009 10:43 PM CST up reply actions  

Shouldn't generalize.....I think that is the vast minority of LSB.

"Sometimes you just want to sit back and watch somebody throw 100." - Jeff Passan on Neftali Feliz

by Ryin A on Dec 2, 2009 10:48 PM CST up reply actions  

Josey likes to ignore certain facts

most people here will debate for JD, but Josey will lump that in as a vote of confidence for Hicks. I think most people have wanted Hicks out, but like what JD has built here with the young players.

A baseball game is simply a nervous breakdown divided into nine innings.

by NothinG on Dec 2, 2009 10:54 PM CST up reply actions  

I think the vast majority of LSB doesn't want Hicks to leave

if it means JD has to go as well and those are the thoughts of a dumbass.

The future of the organization is far more important than the future of Jon Daniels.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 2, 2009 11:03 PM CST up reply actions  

See how easy it is calling him by his real name?

Do that more often and I might actually read your gotdamn posts

by oc on Dec 2, 2009 11:29 PM CST up reply actions   2 recs

John Daniels

Has built a winning team and a highly ranked farm system here. No one wants to go back to the black days of John Hart and Grady Fuson

by iblum on Dec 3, 2009 10:21 AM CST up reply actions  

JD has yet to build a team that

put up the 89 wins John Hart’s team put up in 2004.

The 2004 Ranger farm system was pretty salty as well and JD will do well to match it – Kinsler, AG, CYoung, Danks, CJ Wilson, Eddy V, Frank Frank, Feldman among others.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 10:29 AM CST up reply actions  

Dont lump Feldman in John Harts era

Back then he was a sidearming reliever who was on the verge of DFAing when coaches changed him to what he is now

Bryan Smith (12:17:17 PM PT): Justin Smoak and Josh Hamilton. The AL West might just have found their Bash Brothers, v. 2.0.

by bigsteve on Dec 3, 2009 10:32 AM CST up reply actions  

Was Feldman in the Ranger pipeline in 2004?

JD has a long way to go to match what this team had in 2004.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 10:35 AM CST up reply actions  

what? lmao. If we only had Drese again!!

lololololol. You really are blinded by your stubbornness and attempts to bait people. This gave me a good laugh.

“Stupid is as Josey does”

A baseball game is simply a nervous breakdown divided into nine innings.

by NothinG on Dec 3, 2009 10:43 AM CST up reply actions   1 recs

Wow.

There is so much more pitching talent in the organization right now than in 2004 a comparison is laughable.

G G G E-flat_______ F F F D__________....

by t ball on Dec 3, 2009 11:32 AM CST up reply actions  

What you actually do in The Show

is a lot more important than where Baseball America rates your organization.

The 2004 Texas Ranger system was vastly underrated.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 11:37 AM CST up reply actions  

BWAHAHAHAA

the 2004 Ranger system was ok, but not great.
going by team, (remembering that we are NOT using hindsight.)

AAA: Adrian Gonzalez, Kam Loe and Erik Thompson
AA: Kinsler and Rashad Eldridge, and Jason Botts on offense, Josh Rupe, Kam Loe, and Erik Thompson. (kinda hard to point at Chris Young, because 25 year olds with an ERA north of 4 in AA are not prospects, or Frank Francisco, a 24 year old AA reliever)
High A: Joaquin Arias, John Danks, Edinson Volquez
A: Danks
SS: Eric Hurley, Thomas Diamond and Brandon Boggs (being very charitable on the latter two because they were obviously just drafted).

That’s not a good system. There’s no one as good as any of our top 3 from 2008 (Smoak, Holland, Feliz) or our top 3 from 2009 (Smoak, Feliz, and Perez).

by iblum on Dec 3, 2009 12:03 PM CST up reply actions  

And in 2008-2009

Several young players did quite well. You’re wrong again.

G G G E-flat_______ F F F D__________....

by t ball on Dec 3, 2009 12:58 PM CST up reply actions  

By comparison

There are those who prefer a Tom Hicks to a Jerry Jones and vice versa.

Me, I prefer Jerry Jones, despite his grandstanding and his “meddling”. At least he cares about the team and won’t let it go into receivership.

by iblum on Dec 3, 2009 10:20 AM CST up reply actions  

So if I understand what EG is trying to say...

the immediate debt would have been paid down but we would have been giving up future revenues which would all but guarantee this team would have a small market payroll in the foreseeable future.

That is an all-time sonofabitch.

Anybody else wanna chime in naively and say how “excited” they would be to have Roger Staubach a part of an ownership group that still involved this sack of shit?

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 2, 2009 11:01 PM CST up reply actions  

Okay...

this is like your girlfriend found out some tough, upsetting news and you tell her from work to come over to your place so you can console her and you take off from work only when you get home you find your roommate/best friend is already consoling her in ways that are illegal in some states.

by ghostofErikThompson on Dec 2, 2009 11:14 PM CST up reply actions  

If this is going off personal experience

Then dude, you have my heartfelt sympathy. That somehow both epitomizes and transcends the phrase ‘Dick Move’.

by Conjunction on Dec 2, 2009 11:26 PM CST up reply actions  

I love the smell of Tom Hicks' desperation in the morning

Now that he’s selfishly fucked everyone, he’s trying to cling to what little hope he has left. I hope this makes it all the more painful for him.

That's why they call them business sox

by egriffey on Dec 2, 2009 11:35 PM CST reply actions  

I'm very glad...

the clock is ticking down on Hicks owning this team.

I just wish it would tick faster and we knew who it was that was taking over. The anticipation is killing me.

"The only good is knowledge and the only evil is ignorance."-Socrates

by slc ranger on Dec 2, 2009 11:54 PM CST reply actions  

Ownership

I’ll preface these comments by saying that my clear preference in all of this is for Chuck Greenberg to buy the team, involve Nolan in the ownership group, and keep the management team in place. I don’t have any strong desire to keep Tom Hicks as the owner of the Rangers.

That said….

First, I find it somewhat troubling that Bud Selig, potentially with involvement of Jerry Reinsdorf, is dictating what Tom Hicks can and can’t do with the business enterprise that he owns. If Tom Hicks can enter into a transaction that allows him to pay down or restructure the debt to the satisfaction of the banks, in a free market economy it seems like he should have the right to do so. The banks have every right to block a deal they aren’t satisfied with, given that the debt is in default, but why should MLB?

Second, and along those same lines, I would trust the banks significantly more than MLB to evaluate any deal that Hicks might arrange. Given that there would be some level of debt remaining after a restructuring, they would have vested interest in the team’s viability and on-going future cash flows to service the debt. If Hicks can arrange a deal that would satisfy his creditors, then why shouldn’t it satisfy MLB?

Third, business enterprises monetize future cash flows every day through the sale of future revenues, receivables and other rights. Other sports franchises have done it through upfront payments on television deals and stadium naming rights. Getting an upfront payment in connecting with extending an operating agreement isn’t some evil scheme cooked up by Tom Hicks.

Fourth, there is the real possibility that the next owner could be worse than Tom Hicks. The Tom Hicks that owned the club after he decided to stop giving 5-year contracts to Chan Ho Park and forfeiting draft picks to sign Jay Powell and Todd Van Poppell wasn’t a bad owner until he ran out of money this year. That Tom Hicks pushed John Hart out, hired Jon Daniels, committed to a rebuilding plan, spent a lot of money in Latin America and signed several draft picks for well above slot, and was willing to spend at time (such as the deal he was committed to make with Ben Sheets less than a year ago).

I certainly don’t agree with the view that getting rid of Tom Hicks is worth any cost, even if it meant turning over the front office. Given the option of having a refinanced Hicks as the owner, and keeping Ryan and Daniels, et al, compared to starting over with a new front office and a complete unknown as an owner, I would prefer keeping Hicks. Now, I’m not worried about Chuck Greenberg, but I do have some concerns over Dennis Gilbert, his closeness with Jerry Reinsdorf (who has already screwed this franchise once on a potential ownership change), and his desire to be hands-on (particularly considering he pursued the GM position with the Dodgers in 2005).

by Darrell McKown on Dec 3, 2009 12:42 AM CST reply actions  

The Rangers are a franchise

of MLB. The league is well within its rights to dictate terms to Hicks, especially since his mishandling of his team has a trickle down effect on the other franchises. The league is also taking the long view on the financial health of one of its franchises, which I for one appreciate.

That's why they call them business sox

by egriffey on Dec 3, 2009 1:20 AM CST up reply actions  

One thing that I think you're ignoring

is the doubtful likelihood of HIcks being able to keep the organization in good financial shape past the refinancing. None of the new guys sounds like a savior, and I too am definitely wary of Gilbert, especially since we’ve gotten to watch Jerry Jones pretend like he knows how to run a good football operation for the past 20 years. But your vision of a Tom Hicks that is financed like 2000 and is wise is not realistic. There is plenty of evidence of what Tom Hicks does over time, and it won’t be to run the baseball club with vision and stability.

by Brett Perryman on Dec 3, 2009 1:26 AM CST up reply actions  

A couple of points

If the organization is unlikely to be in good financial shape past the refinancing, the banks won’t sign off on it. My primary point on that matter is that I trust the banks much more to evaluate the financial prospects of the team than Bud Selig and his loyal assistant Jerry Reinsdorf.

I wouldn’t want a year 2000 version of Tom Hicks. But what’s wrong with a 2007-08 version?

by Darrell McKown on Dec 3, 2009 1:30 AM CST up reply actions  

You mean the one that didn't have any money...

because he bought a soccer team, had his debt come back on him, and eventually had to sell his baseball team?

by ghostofErikThompson on Dec 3, 2009 1:38 AM CST up reply actions   1 recs

The 2007-08 version

This is the exact question that naive Cowboys fans asked about Jerry Jones in 2003-04. Sure he got rid of Jimmy Johnson because his ego was more important than anything else. Sure he ran the team into the ground because it was more important to him that his football team continued to be his play thing than that it reached its greatest potential. But he gets it now! He hired Parcells, and he’s letting Parcells do his thing.

Hicks was similarly cornered when he brought in Nolan Ryan and washed his hands of influence on baseball decisions, not because he wanted to build a new stadium but because it was painfully clear that the organization had bottomed out with its fan base in terms of interest, trust and hope. We can debate the positive things that happened in 2007, but they certainly weren’t any result of Hicks’ vision or management.

And GoET beat me to my last point.

by Brett Perryman on Dec 3, 2009 1:41 AM CST up reply actions  

Everything was wrong witht the 2007-2008 versions of Tom Hicks.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 9:00 AM CST up reply actions  

On the contrary

There are two points of interest here.

1) MLB has two sets of interests in the Rangers. first, as a franchise member, it would be pretty catastrophic for the entire league if the Rangers went into say chapter 7 bankruptcy (not chapter 11, restructuring, but chapter 7, which I believe is dissolution). Secondly, as a creditor, they have as much to say as the banks.

2) the problem with the 2007-2008 version is that he’s still hamstringing Daniels from doing his job to compete by lacking adequate capitalization for a serious championship run. These young, hot prospects are all well and good, but if you can’t resign them when they become free agents, then somone else gets to reap the benefit. Also, if you can’t package some of the depth we have developed to fill holes through trades because there’s no budget flexibility then that’s a HUGE problem. Heck, if you have to borrow money to meet payroll, that doesn’t make free agents want to come here. (Or trade targets want to void their no-trade clauses)

The issue is, “what makes a good owner?” You want 1) Someone who is hands off. 2) Someone who can afford the team in good times and bad. 3) Someone who hires smart people. 4) someone who will market the team in a positive fashion. and you can skip 1, if he does 3 and listens to them. Basically, you want Mark Cuban. :)

by iblum on Dec 3, 2009 10:49 AM CST up reply actions  

Chapter 7

It’s highly unlikely the Rangers would ever get into Chapter 7. The value of the club is much higher as an operating entity than in liquidation.

I would be shocked if legally MLB has as much say as the banks, particularly in a bankruptcy. I would be amazed if the banks didn’t have the first lien on the assets of the team.

by Darrell McKown on Dec 3, 2009 2:13 PM CST up reply actions  

A couple of counter arguments...

First, the Texas Rangers, and more broadly, MLB is not obligated to respect the “free market system.” MLB as an organization has a legitimate interest in (1) the competitive balance of the overall league, and (2) the economic disparities between teams that might affect the competitive balance. That point has been heavily litigated over time, and courts in the past have generally exempted MLB from many antitrust laws because the production of the product (a competitive league) requires an anti-competitive scheme such as revenue sharing to ensure competitiveness in various markets. And within that scheme, the commissioner also has broad power under the CBA to act in the best interest of the league.

So sure, we live generally in a free market economy. But MLB, and most professional sports for that matter, are unique; they exempt from certain free market requirements by law because professional sports is fundamentally different than other business. There are several prominent legal cases on this matter.

Second, I think in this case, Bud Selig is perfectly within his power under the CBA and other bylaws, to say Tom Hicks doesn’t have the future cash flow potential to own this organization. MLB probably views the DFW market as largely untapped, but extremely valuable. It makes sense that they would want to find an owner who can invest more money into this team, make it competitive more frequently, and bring more money into the entire league. With revenue sharing, playoff revenue sharing, etc, every owner in the league has a mutual interest in the success of other teams.

Third, the bank is not better positioned to make the decision than MLB. Again, this rests on the assumption that the only interest at stake is the well-being of the Rangers. But every team in the league has an interest in the Rangers succeeding financially. Other owners (and the commissioner) want an ownership group they can trust to continually invest in the team and produce revenue somehow. To answer the question you posed, MLB isn’t necessarily going to be happy that Hicks can refinance in a way to avoid debt. They want to ensure that the team is going to receive the resources necessary to thrive and not be a burden on the league (i.e. the fact the Rangers have been supported over the last year by MLB resources, which is narrowly permitted in the CBA).

by Stephen Rushin on Dec 3, 2009 4:21 AM CST up reply actions  

Except

Tom Hicks doesn’t have rights to do whatever he wants with the Rangers Franchise any more than a McDonald’s franchisee does. He has to operate within the guidelines of MLB just like the Mickey D franchisee has to operate within the McDonald’s guidelines.

I can definitely see why MLB wouldn’t want to allow a current owner to monetize all future cash flows, and leave the franchise with a crippled future with limited cash flows, but a wealthy ex-owner. Considering the discussed purchase price ($500 million plus) is more than enough to offset the debt on the books, the lenders should be completely whole, and there isn’t a lot of reason to accomodate Tom Hicks.

"I don't condone steroids or any other type of growth hormones or anything else, but I could care less, and, for the most part, I don't think the fans give a (bleep). The people that care about it are the people that probably don't like baseball," - Jim Leyland

by DJCahill on Dec 3, 2009 4:53 AM CST up reply actions   1 recs

It's a tough situation for me.

He’s basically crippled the Rangers during an offseason where they should be seriously pushing for contention. While you can’t count the Angels out, they’re probably going to be weaker. Oakland’s still a year or two away from graduating their really good position prospects, and GMZ’s probably a few years from making Seattle legitimately good again. This is a great window of opportunity for the Rangers and Hicks deep dicked us before we could even get started.

On the other hand, he’s causing all sorts of pain for Liverpool. So that’s great.

by LiamP on Dec 3, 2009 1:22 AM CST up reply actions  

Re: Tom Hicks = leech

That was a well-articulated argument……

by Darrell McKown on Dec 3, 2009 1:26 AM CST up reply actions  

I mean

it wasn’t in response to your comment, and I’m pretty sure that it’s clear what I mean by it. I think it’s what he is right now to his sports properties.

by Brett Perryman on Dec 3, 2009 1:30 AM CST up reply actions  

great news!

i referenced this a couple of days ago here:

http://www.lonestarball.com/2009/12/1/1180700/tom-hicks-debt-to-value-and-the#26405299

kudos to MLB!!! if hicks would have extended this, it would have made the franchise attractive to no one.

defeatist pussy lives here

by sam in so cal on Dec 3, 2009 9:22 AM CST reply actions  

This is still concerning

Hicks is trying to work out a material stake in the Gilbert package. Don’t you think he’ll try to re-acquire the team once he gets his house back in order? Gilbert seems to be more interested in the operations side than the financial side. Would Hicks offer him the GM/Pres role for majority ownership in a couple of years?

Go, Go, Greenberg, Go!

by Sherman McCoy on Dec 3, 2009 9:25 AM CST reply actions  

Gilbert is not going to want to take orders from anybody

especially somebody’s ass that he saved.

I can’t imagine bringing $ 500 million to the table just so you could have the right to become the GM/Prez that still reports to Hicks (who will insist this is a team that can win with a small market payroll).

I agree that Gilbert seems very interested in the operations side (JD, your next few moves better be good) which makes me wonder about the future of Nolan Ryan if Gilbert wins the bid.

"Dying ain't hard. It's living that's hard."

"Ranger players, especially veterans, weren’t surprised that Daniels couldn’t find a deal"

"Business as usual." - Tom Hicks on the Ranger off-season 11/19/09

by Josey Wales on Dec 3, 2009 9:33 AM CST reply actions  

Poor Josey

If Gilbert wins, Ryan is out. he knows it, Gilbert knows it, and so does everyone else. Greenberg will keep Ryan, however. My guess is that if Gilbert wins, he’ll become the next club president, and Daniels will be on the hot seat to win in 2011 (assuming the sale is approved by the league sometime this summer). Its even possible that Gilbert has some hand picked replacement for Daniels waiting in the wings, who he’ll then add to Daniel’s staff as an “assistant” like Hicks did with Grady Fuson. It might even be Grady Fuson, who knows.

by iblum on Dec 3, 2009 10:55 AM CST up reply actions  

Comments For This Post Are Closed


User Tools

Welcome to the SB Nation blog about Texas Rangers.

FanPosts

Community blog posts and discussion.

Recommended FanPosts

Ijnq0k_small
The Hunt for Mike E
180px-angry_dome_small
Tailgate IV -- Post #2
Matchstick_small
NBA Thread: 2/1/2012
Nerds_small
OT CFB: NATIONAL SIGNING DAY THREAD

Recent FanPosts

Macho_man_randy_savage_small
Weekend OT Thread
Fishing_small
OT III night moves
Fishing_small
OT II its f'n friday, man.
180px-angry_dome_small
feb 10 OT
Jesus_dinosaur_small
LSB All-night (2-9 - 2-10)
Neftali_old_timey_small
2/9/2012 OT 2 *now with 100% more poll!
180px-angry_dome_small
feb 9 OT
Fishing_small
OT II
Small
OT 2/8/12

+ New FanPost All FanPosts >


Manager

Th_buckykatt_small Adam J. Morris

Editor

477845_small ghostofErikThompson

Author

Matchstick_small matchst1ck