Crane submits new proposal
Houston businessman Jim Crane has submitted a new proposal to buy the Rangers. Crane seemed to fall out of the running last month, leaving it down to the group led by Pittsburgh sports attorney Chuck Greenberg and the one led by Beverly Hills businessman Dennis Gilbert.
But Crane is still trying to buy the team from current owner Tom Hicks even though word is he would have a tough time getting approval from Major League Baseball.
The reason Crane is staying around?
Economics is driving this deal. This is all about satisfying the debt accrued by Hicks Sports Management. That’s the word from Major League Baseball. Greenberg’s group and Gilbert’s group have both been determined to be valid bidders. Both should be approved should they be selected.
But it’s likely going to come down to the highest bidder.
Hicks supposedly has a Dec. 15 deadline to pick one group. That’s Tuesday. Major League baseball wants this to get done. But it seems like it could go on beyond Tuesday.
Lewin signs: The Rangers have agreed to a one-year contract with a one-year option with broadcaster Josh Lewin. His contract was up at the end of this season but he is coming back again in 2010 to lead the Rangers television broadcasts.