Texas Rangers owner Tom Hicks will enter into an exclusive negotiation for the sale of the team to a group headed by Pittsburgh lawyer Chuck Greenberg, one that includes team president Nolan Ryan.
A person with direct knowledge of the situation said Tuesday
night that the group also includes prominent local families,
including Hicks' family. The person spoke on condition of anonymity
because an official announcement had not yet been made.
Baseball commissioner Bud Selig had called Tuesday a "hard and
fast deadline" for Hicks to submit a prospective buyer for the
team to the commissioner's office.
After negotiations between Hicks and Greenberg's group, any
agreement must be submitted to the commissioner's office and
approved by 75 percent or more of all owners.