Rangers sale officially approved

Major League Baseball unanimously approved the sale of the Texas Rangers from Thomas O. Hicks to the group led by Chuck Greenberg and Nolan Ryan during its quarterly owners meetings in Minneapolis, Baseball Commissioner Allan H. (Bud) Selig announced today. Mr. Greenberg will serve as the new ownership group’s control person and Mr. Ryan will continue to serve as President of the Club.

 

“I am very pleased that Chuck, Nolan and their impressive ownership group have been approved as the new leadership of the Texas Rangers franchise,” Commissioner Selig said. “Chuck and Nolan have demonstrated an unwavering commitment to the Rangers. Their passion for Major League Baseball as a whole and particularly the future of baseball in Texas is exemplary.

“In addition, I want to thank the Rangers’ fans for their patience throughout this difficult process. I am confident that Chuck, Nolan and the entire ownership group will serve as dedicated stewards of this club by building a long-term, stable franchise which values its standing in the Dallas-Fort Worth communities. I am glad that the Rangers’ great season on the field will get the attention it deserves during the pennant race.”