Rangers Sold to Group that Includes Nolan Ryan

Word out of Arlington/Dallas tonight is the sale of the Texas Rangers from Tom Hicks to a group that includes current Team President and Hall of Fame pitcher Nolan Ryan has been finalized. The group to purchase the Rangers is headed by attorney Chuck Greenberg. The agreement now goes to MLB for review by the ownership committee and approval from 75 percent of the club owners. MLB is expected to approve the transaction once the deal is approved by the lending groups that hold the debt on Hicks's group.