Thu, Jul 15, 2010 - Page 20 News List

Bankruptcy judge orders auction of Texas Rangers

AFP , FORT WORTH, TEXAS

A US bankruptcy judge has decided that the cash-strapped Texas Rangers will be auctioned off, setting a date of Aug. 4 for the bidding.

Several months ago Major League Baseball had endorsed a preferred buyer — a group led by team president and Hall of Fame pitcher Nolan Ryan and Pittsburgh sports attorney Chuck Greenberg.

However, creditors argued that the bid was not the highest, and US bankruptcy judge Michael Lynn decided an auction was best.

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