Trouble Brewing with Rangers Sale???
by bigOhornedfrog on Mar 10, 2010 11:15 PM CST
Email
Print
Saw this on Maury Brown's Twitter...Report: Sale of Texas Rangers Reaches Impasse http://ow.ly/1gTfP Sounds like Chuck was spinning things a bit today. When do you guys realistically think this thing is going to get done. If someone smart can better explain this to me and make me feel better about this, I would love some positive news.
Here is the link to the article if the one above doesn't work:
http://www.yardbarker.com/mlb/article_external/Report_Sale_of_Texas_Rangers_Reaches_Impasse/2226441
22 comments
|
0 recs |
Do you like this story?
Comments
No more fanpost regarding the sale/no sale of the Rangers please.
/Everyone
"grilled cheese punches like a bitch" -Gdawg
"i feel like k-rod after a save." -by reagan on Jan 23, 2010, that glorious day Hicks was out of our lives.
Let's see...
Wake up… check.
Take a shit… check.
Take a shower… check.
Shave… check.
Read a “the sale is stalled” fanpost… check.
Got all my daily stuff done.
Did you wipe?
Or was that implied? Sorry just wondering…..
"We pitched, we caught the ball, we ran the bases, we had good days where we out-fundamentalized the other team." - Ronald Washington
by Pocket Ninja on Mar 11, 2010 12:26 AM CST up reply actions
The Deal
This is important (and ’ll be writing about this at some point soon)… I still expect the sale to get completed. Focus on that.
Interesting
A source close to the situation late Weds. added that it has been difficult sailing for some time. "When the creditors had their first meeting set with the potential ownership group, they were not happy to see that Chuck Greenberg didn’t make the trip. Since then, representatives from the league have tried to get around the issue of the creditors taking a back seat."
That’s interesting. I think several of us downplayed that meeting as not being as key as it was reported in some places to be, primarily because if it was a significant meeting, Greenberg would have attended. Well, if this comment is accurate, it appears the meeting may have actually been a big deal in the eyes of the creditors.
In the end, the creditors probably don’t have any better options here than to hold this thing up to get the best deal they can, then go along with it. I think a good bit of the debt is held by hedge funds now, and doing exactly that is something they frequently do to get the best deal they can.
Newberg Night >>> Closing deal
"Sometimes you just want to sit back and watch somebody throw 100." - Jeff Passan on Neftali Feliz
"Baseball's all that's real" - JB
by Cecilio's Guante on Mar 11, 2010 8:30 AM CST up reply actions
In a situation like this, I take everything said by a "creditor" with a grain of salt
Was the meeting really a big deal, or is some creditor claiming it was a big deal to leverage a little more money out of Greenberg & Co? Anything is possible.
"Dying ain't hard. It’s living in the wake of a thorough public humiliation that’s hard.--JDT217
You might want to take
everything said by anyone with a grain of salt. They are all posturing.
"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
Every time I see the words "the situation" I get Guido flashbacks.
I’m not sure if that will ever stop. Argh.
"grilled cheese punches like a bitch" -Gdawg
"i feel like k-rod after a save." -by reagan on Jan 23, 2010, that glorious day Hicks was out of our lives.
EG has a Q&A up with Greenberg
http://www.dallasnews.com/sharedcontent/dws/spt/stories/031110dnsporanglede.3cc1bb1.html
What’s your reaction to a Sports Business Journal story about problems with the sale?
What’s interesting is it said that the sale is delayed again, which suggests that it has already been delayed once, and that just hasn’t happened. I think there are some folks out there that have a little bit of self-interest in portraying gloom and doom, none of whom are principals in the deal, by the way.
Can the sale be completed by the April 5 season opener?
The closing day of any deal is always somewhat uncertain, because you can’t legislate when exactly all of the pieces are going to fall into place, and all you can do is to keep pushing along a timetable that allows you to achieve your objective. And so far everything is moving along that timetable.
Is everything done today where we can close tomorrow? No. But is everything moving on a pace that needs to in order to close on April 1? Yes. We think we will get there. If for some reason we don’t, it doesn’t mean there are problems and doesn’t mean that the [hand-wringing] was ever correct. It just means that sometimes deals take longer than you originally anticipate. But it’s no reason for alarm on anyone’s part, and we’re expecting to close on April 1.
"He will not coddle them. Nolan Ryan doesn’t coddle." - Jeff Passan
Whoops that's Andro, not EG
"He will not coddle them. Nolan Ryan doesn’t coddle." - Jeff Passan
by Dirk Diggler on Mar 11, 2010 8:20 AM CST up reply actions
I hate Tom Hicks more everytime one of these comes up.
I hope he dies a painful, slow death.
The other sports are just sports. Baseball is a love. ~Bryant Gumbel, 1981
Rangers, creditors at an impasse
Talks between the MLB Rangers and the team’s creditors are at an impasse, sources said, all but ending any chance of the sale of the team closing by Opening Day . . . “They have been at an impasse for weeks if not longer,” one source said. “Baseball has been deluding itself. No idea how long it can go.” MLB declined to comment.
http://hardballtalk.nbcsports.com/2010/03/rangers-creditors-at-an-impasse.html.php
by GregoryM on Mar 11, 2010 11:18 AM CST reply actions
Comments For This Post Are Closed
Secondary Sidebar
User Tools
FanPosts
Community blog posts and discussion.
Certain photos copyright © 2012 by Associated Press or Getty Images. Any commercial use or distribution without the express written consent of Associated Press and Getty Images is strictly prohibited.
