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The Texas Rangers: Going Once, Going Twice, Sold….. To Nolan Ryan

Posted by Noah Friedman on Aug 5th, 2010 and filed under Featured News, Sports. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Nolan Ryan wins the Texas Rangers

Nolan Ryan wins the Texas Rangers

On Wednesday, the Texas Rangers were auctioned off. Thats right, the Major League Baseball team was put up for auction and was sold to the highest bidder. There were several big names hoping to be the winning bidders. They included, Mark Cuban, the owner of the Dallas Mavericks of the NBA.

When all was said and done, one of baseball’s best pitchers of all time and former Ranger ended up with the team. Nolan Ryan, who pitched 5 seasons for the Rangers from 1989-1993 won the team along with lawyer Chuck Greenberg. Greenberg, Ryan and a few other investors, ended up paying $385 million for the team. When factored in with assumed liabilities, they ended up having to pay a total of $590 million.

The auction lasted almost 16 hours, but in the end Nolan Ryan, who is currently the teams President will become part owner.

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