Jul 19, 2010, 11:14 AM EDT
I missed this from late last week, but Mark Cuban — who has been denying any interest in the Rangers for a solid year now — has changed course and may now get involved in the upcoming auction:
“The economics have changed, which has gotten me interested. My lawyers are still going through everything, but the bigger point is that I now have an interest . . . As I learn more I will have a better understanding about how aggressively I will pursue the interest and whether or not I will actually make a bid come the first week of August or whenever the court sets the date for bids.”
The most interesting thing in the article are the quotes from anonymous insiders who say that Cuban is “approvable” in the eyes of Major League Baseball. While he was in on the Cubs bid a couple of years ago, there has long been a belief that Major League Baseball wants no part of him. He’s outspoken. He spends a lot of his own money. He blogs. He’s the kind of guy who Selig and his buddies simply don’t care for.
But he’s also no dummy. He suggests in the article that his interest may not be solely to bid for the team itself. Rather, he’d consider getting in on Greenberg and Ryan’s bid somehow, maybe as a “backstop.” That is, if they’ll have him. And my guess is that if they somehow come up short in the bidding or if things get stretched out and Greenberg’s financing — which some have suggested includes some fickle investors — starts to crumble, they wouldn’t mind having Cuban come in with some serious cash to seal their bid. And at this point, anything that saves Greenberg/Ryan’s bacon is good with Major League Baseball.
My question is this: if Mark Cuban comes in as a minority owner in a Greenberg/Ryan ownership group, how long does he stay a minority owner? Because you can say a lot of things about Mark Cuban, but one thing you can’t say is that he gets off on being someone’s silent partner.
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