"I'm very pleased and I look forward to ChuckGreenberg and Nolan Ryan leading the team for many years to come, " said MLB president Bob DuPuy outside the Fort Worth, Texas, courtroom.
In addition, Nolan Ryan and ChuckGreenberg were only able to outbid Mark Cuban for the Texas Rangers because of a huge advance they got from Fox on a new cable deal.
With no new Fox deal, sources say McCourt is going to seek debtor in possession financing and voluntary bankruptcy protection like the Texas Rangers did prior to the sale of the team to a group led by Nolan Ryan and ChuckGreenberg from Tom Hicks.
My bet is that the entire franchise gets sold in a similar fashion to the process by which ChuckGreenberg and Nolan Ryan acquired the Texas Rangers and, as my friend and SportsMoney contributor Maury Brown pointed out to me, a new television deal with News Corp.
Despite reports that other bidders have been approved for the bankrupt Dallas Stars of the National Hockey League, including Dallas Mavericks owner and Forbes 400 member Mark Cuban and former Texas Rangers owner ChuckGreenberg, the only bid for the hockey team has come from Vancouver businessman Tom Gaglardi.
Recall that until a judge stepped in the executives who run baseball tried to broker a deal whereby Tom Hicks was going to sell the Texas Rangers during bankruptcy protection to a group led by ChuckGreenberg and Nolan Ryan at a price that would have resulted in a profit for Hicks but shafted his creditors.