FORT WORTH, Texas (AP) — The group that has been in exclusive negotiations to buy the Texas Rangers say they are close to a deal.
In a joint statement released at midnight CST Friday, which was when their exclusive negotiating period expired, Pittsburgh sports attorney Chuck Greenberg and Hall of Fame pitcher Nolan Ryan said “extraordinary progress” has been made over the last couple of weeks. They say they are “on the verge of an agreement that would provide Tom Hicks the value he seeks.”
Greenberg and Ryan say they are fully committed to do what it takes to reach a final agreement to buy the team from Hicks, whose family is one of about a dozen investors that are part of Greenberg’s group. Hicks, who has owned the Rangers since 1998, would have only a minority stake in the team.