December 15, 2009

Nolan Ownin’

Tom Hick picked the group head by Chuck Greenberg and Nolan Ryan to negotiate to buy the Texas Rangers:

Greenberg’s group primarily consists of Dallas-Fort Worth investors. He said the Hicks family will retain a significant investment in the club and that Ryan will remain President of the Club.

“Tom and his family have owned the team for 11 years,” said Ryan. They are passionate about the game and the team. We will benefit from continuing to have Tom as a partner and have access to his business acumen and experience.”

Both Greenberg and Hicks declined to discuss the specifics of the final working ownership proposal.

“There’s a lot of work to do,” said Greenberg. “The deal isn’t done yet, but I am confident we can complete this soon and have the Rangers well-positioned for the future. We are committed to stability, continuing to work the baseball plan that’s in place, and doing whatever is necessary to build upon the team’s tradition and bring home a World Series championship.”

This sounds like good news to me. Nolan Ryan will remain with the team if the deal goes through, and in an enhanced role. The ownership group will be local, and Hicks saves face by remaining in the mix. We’ll see how Texas fans react, but I would guess they’re very happy to have Nolan as an owner.

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