Just a long time lurker here, but I wonder if this could help with a resolution on the Rangers. I noticed the Kaplan tweeted that the Greenberg/Ryan upped bid by less than 1%, and I am wondering if this could provide the difference in what the creditors were looking for, to appease all parties.
With the lawsuit filed yesterday, and this new nugget, it could be conceivable that the creditors would not get any extra money at an auction, or trying to press the issue. With an upped bid, it could mean that the creditors could just take the best offer, and move on. Just my take, but this has already been worst than anyone probably imagined.
Looks a bit messier...
Lead TX Rangers bank, JP Morgan, just objected to Greenberg/Ryan's motion for an injunction against an auction 4 minutes ago via web
Greenberg/Ryan, JPMorgan charges, "Hopes to secure valuable assets without subjecting them to any reliable market test." 3 minutes ago via web