Jul 6, 2010, 8:45 AM EDT
All the parties to the Great Texas Rangers Clusterbang will be at a mediation starting at noon today, and there’s no telling what will come out of it. Maybe they all leave happy and ready for a judge’s rubber stamp. Maybe someone loses an ear. Could go either way, really. If fisticuffs break out I got money on Nolan Ryan coming out on top.
If there’s anything other than a hearty chorus of Kumbaya coming out of that conference room today, the Rangers are going to be auctioned to the highest bidder on July 16th. That according to Barry Shlachter of the Fort Worth Star-Telegram, who reports that the Rangers have agreed to the auction scenario recommended by the court appointed restructuring dude last week. The judge could still put the kibosh on it, but now that everyone seems to be on board, it will probably happen barring some kind of breakthrough at the mediation today.
And it’s really only kind of an auction in that the court has agreed to still allow Major League Baseball to have veto power over the winner. So, if Houston businessman Jim Crane wins — and he was reported to be the high bidder the last go-around — he’s probably S.O.L. because Shachter (and others) report that he remains persona non grata in MLB circles. Harder to say what happens if the Jeff Beck/Dennis Gilbert team participates again and bids high. Gilbert is a Selig favorite, but he may not even be part of the proceedings anymore. In other news, allowing baseball to hand pick their owners despite the fact that they probably don’t really have the legal right to do so is totally weak.
Final fun fact: last night Chuck Greenberg’s publicist sent out a press release telling everyone that Team Greenberg has its financing in place and its purchase money in escrow. This is likely a result of increasing chatter — which began with my report back in December — that Greenberg’s financing was shaky (I haven’t heard anything new on that recently, but Buster Olney made mention of this just the other day).
So that’s fixed, and Greenberg wants to make sure everyone knows it. Granted, I’ve never been accused of suffering from a cynicism deficit disorder, but I tend to take a press release that says “everything is great!” as a sign that everything wasn’t great before the date of the press release. Otherwise the stuff in the press release is not news, see. So congratulations Mr. Greenberg on fixing the financial problems you claimed you never had.
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