With our nation's economy in turmoil it was just a matter of time before a team went into serious financial distress. Today, I learned that the Texas Rangers needed to borrow 15 million dollars from Major League Baseball to make their most recent payroll.
Sources tell me that the Rangers will be sold to Nolan Ryan and that MLB is assisting in the process so that it goes as smoothly as possible. Rangers owner Tom Hicks also owns a professional soccer team but had no trouble making payroll there and that has the folks in the MLB offices not very happy that they had to send big money to bail Hicks out while he found the money to support another team that he owns. Stay tuned because unfortunately this won't be the last team we see in this situation.
1 Comment
chisoxmike said:
The situation isn't so rosy with the soccer team either (Liverpool). Actually it's a pretty big deal in England, they hate having him/outsiders/Americans as owners, and it's almost causing an international incident
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