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It is official: the Rangers have emerged from bankruptcy

Per Maury Brown, the Rangers' pre-packaged bankruptcy plan has now been approved by all creditors, the plan has been confirmed, and the Rangers have emerged from bankruptcy.

MLB will vote to approve the Greenberg/Ryan group on August 12, and thus, on August 13 -- one week from today -- the Greenberg/Ryan group will officially take over as the new owners of Your Texas Rangers.