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Maury Brown on the Sale Situation

Maury Brown has a piece up on the latest issues with the Rangers' sale, which includes this snippet:

Chuck Greenberg, the lead for the group bidding to purchase the clubs, continues to believe that the deal will occur at or around the April 1 closing date. The group is in the awkward position of being at the mercy of the process between HSG and the creditors.

 




 

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nice caption

"He will not coddle them. Nolan Ryan doesn’t coddle." - Jeff Passan

by Dirk Diggler on Mar 16, 2010 11:12 AM CDT reply actions  

love it...

(Wife) "So what do you want to watch on the T.V.? UFC or porn?"
(Husband) "Hmm... well, porn, I guess."

by mtex on Mar 16, 2010 11:46 AM CDT up reply actions  

re: stars
In related news, Kaplan reports that "a prospectus is expected to be sent out next week to potential buyers of the [NHL Dallas] Stars from Galatioto Sports Partners, the investment bank HSG retained to sell the club."

Scout: He was a first-round pick right? Got a huge bonus?
KG: Oh yeah.
Scout: Well, he spent a lot of it on milkshakes.

by knockoutking on Mar 16, 2010 11:40 AM CDT reply actions  

I've got twenty bucks...

Purgatory's kind of like the in-betweeny one. You weren't really shit, but you weren't all that great either. Like Tottenham.

by TheJeezus on Mar 16, 2010 12:26 PM CDT up reply actions  

Here are some interesting quotes about Maury Brown

Quotes.

Interesting stuff especially given Calcaterra’s takes on the sale.

"You promised me, Eckstein, that if I followed you, you would walk with me always. But I noticed that during the most trying periods of my life, there have only been one set of prints in the sand. Why, when I have needed you most, have you not been there for me?" David Eckstein replied, "Because my little legs had gotten tired, and you were carrying me." And I looked down and saw that I was still carrying David Eckstein.

Then he grounded out weakly to second.

by WyoRanger on Mar 16, 2010 11:54 AM CDT reply actions  

David Pinto's comment:
I don’t know if there is a deadline for this deal to get done, but there is no reason for the creditors to settle before that deadline comes. They’ve already moved the Greenberg group closer to the $300 million figure. The longer they wait, the closer they’re likely to get to that number.

This is kinda what I’m starting to suspect. The April 1st deadline seems artificial. The real deadline is the first time an opportunity to improve the club thru a signing or trade is missed due to the club’s ongoing lack of sale. That’s when the real pain is inflicted – when the value of the item you want to buy is being diminished by the delay. The creditors might see that as leverage that hasn’t even blossomed yet.

by shroomer on Mar 16, 2010 11:58 AM CDT reply actions  

Well

that article doesn’t exactly counter the Calcaterra swipes.

""It was a ball, dude," Davis said. "I don’t swing at balls anymore." -CD

by ab03 on Mar 16, 2010 12:00 PM CDT reply actions  

Maybe maybe not

Calcaterra takes some jabs at Greenberg when he doesn’t have anything to do with this issue. What that article makes clear is it isn’t Greenberg who’s having problems in the matter but HSG since they’re the ones who are responsible for the debt. It’s not Greenberg’s decision on where the sales proceeds ultimately wind up but Hicks. Hicks is the one that hasn’t successfully negotiated with the creditors. He, naturally, is trying to minimize payments to creditors so HSG can pocket more of the money.

The only thing this sort of confirms is perhaps Greenberg was a little overly optomistic in getting the sale done by April 1 since he really doesn’t have any control over that. If Calcaterra was looking for honesty from Greenberg Greenberg would have said “Hicks is screwing this deal up.”

"You promised me, Eckstein, that if I followed you, you would walk with me always. But I noticed that during the most trying periods of my life, there have only been one set of prints in the sand. Why, when I have needed you most, have you not been there for me?" David Eckstein replied, "Because my little legs had gotten tired, and you were carrying me." And I looked down and saw that I was still carrying David Eckstein.

Then he grounded out weakly to second.

by WyoRanger on Mar 16, 2010 12:08 PM CDT up reply actions  

True

Chuck may be guilty of over-enthusiasm, or of overly simplifying the process, but in truth, he has very little to do with it right now.

"Back on the scene, with a gangsta lean" RW
"When you have a weapon on your shoulder like he has, you can be cool." RW on Perez
And the little bastard threw it for a swinging strike three in a 3-2 count. He’s blessed. And ballsy.

by Rodney on Mar 16, 2010 6:10 PM CDT up reply actions  

Maury v. Calcaterra in the hexagon...now.

"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 Ryin A on Mar 16, 2010 6:50 PM CDT reply actions  

it's an octagon isn't it?

"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 Ryin A on Mar 17, 2010 10:17 AM CDT up reply actions  

that picture of Hicks would make a great cat litter box liner...the only problem with that is....

…the cat may look down and run off scared and piss on your furniture.

If the Rangers don't make the play-offs this year I'm gonna go all Epic Bearded Man on your ass.

by BigGuns on Mar 17, 2010 2:34 AM CDT reply actions  

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