Dennis Gilbert to Purchase the Texas Rangers??
Sports illustrated is reporting on SI.com that Ex Agent Dennis Gilbert and his ownership group have emerged as the front runner to purchase the Texas Rangers. Like I have said before, this is great as long as Tom Hicks is out and Nolan Ryan is retained by the new owners.
The deal is not believed finalized yet, but the winning bid is expected to be “north of $500 million,” according to people familiar with the talks.
Sometime after bids were submitted just before Thanksgiving, multiple sources say Gilbert took the lead for ownership of the team that went up for sale this summer, after current owner Tom Hicks ran into financial difficulties. Pittsburgh sports lawyer Howard Greenberg, who lured Texas baseball icon and current Rangers president Nolan Ryan to his group, has been seen by many as a strong contender for the team, perhaps even the leading contender, with Gilbert originally viewed by some as something of a long shot.
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