A bankruptcy judge has ruled that the Aug. 4 auction of the Texas Rangers won't be delayed, and Dallas Mavericks owner Mark Cuban may be among the bidders.
The ruling from U.S. Bankruptcy Judge D. Michael Lynn in Fort
Worth came after Texas Ranges manager Ron Washington testified that
his team's morale was "unbelievably good" but would turn to worry
if the sale was delayed.
Angry creditors argued Thursday that other interested buyers
would not have time to secure financing and suggested a Sept. 30
auction. Rangers President Nolan Ryan told the judge earlier this
week that the auction should proceed on schedule so the club can
get out of bankruptcy as soon as possible and ensure the team's
financial resources to keep star players and acquire new talent.