Dallas Mavericks owner Mark Cuban will go head-to-head with Hall of Fame pitcher Nolan Ryan in bidding for the Texas Rangers.
Cuban's group, which includes Houston businessman Jim Crane, was
the only bid submitted and approved by Tuesday night's deadline.
That's according to the court-appointed restructuring officer in
the team's bankruptcy case.
The amount of the Cuban-Crane bid will be released at
Wednesday's auction. The bidding procedures require that it be at
least $321.7 million.
Ryan and Pittsburgh sports attorney Chuck Greenberg are the
bidders favored by Major League Baseball.
The auction in federal bankruptcy court is the most dramatic
development yet in one of the most contentious sales of an American
professional sports team. The last MLB team to be auctioned off in
such a way was the Orioles in 1993.