Anointed Buyers Sweeten Rangers Buyout Bid

Law360, New York (July 30, 2010, 4:49 PM EDT) -- The prospective buyer of the Texas Rangers has reportedly launched a “substantially enhanced” bid for the bankrupt baseball team, potentially blocking an upcoming auction and inciting opposition from hopeful competing bidders.

The sweetened buyout offer from Rangers Baseball Express LLC — owned by Rangers President and Hall of Fame pitcher Nolan Ryan and Pepper Hamilton LLP partner Charles Greenberg — was revealed at a hearing Friday in the U.S. Bankruptcy Court for the Northern District of Texas by William Snyder, the court-appointed restructuring officer, the Dallas...
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