Tom Hicks has reached a final agreement to sell the Texas Rangers to Team President Nolan Ryan, and Pittsburgh attorney Chuck Greenberg. In a separate transaction Hicks sold of a good deal of land surrounding the Rangers ballpark, and will retain a minority stake in the team. There are still a few complications to iron out like approval of Major League Baseball, and Hick’s creditors. There also may be a question about Ryan’s ownership of several minor league clubs who are considered part of the Houston Astros farm system.
As a baseball fan, I got to say thank god Hicks is gone. This is the same moron that paid more for Alex Rodriguez, than he did for his entire baseball team. He also has a large hand in the steroids era, as a good portion of that era was born in his locker room. The simple fact here is Hicks has been a bad owner. In eight of the 12 years he was the owner they had a losing record, after winning two divisional championships with a team built by the previous regime, Hick’s Rangers never had any post season success, or regular season success for that matter.
Of course through his incompetence Hicks’ looks like he is going to more than double his money on the team. He bought the club in the summer of 1998 for 250 million dollars. It now looks like he will sell them for over 500 million dollars. Man I love it when guys get paid to do a crappy job. While the Rangers may now be on the right track, it seems this is more due to Ryan’s involvement in the club. Now that he will be assuming an ownership role it seems safe to say that the Rangers will be contenders.