Hardball in the Texas Rangers Chapter 11 Case
Daily Bankruptcy Review
September 8, 2010
The article reviews and analyzes what happened in the Texas Rangers Baseball Partners (TRB Partners) bankruptcy case. TRB Partners originally started with a prenegotiated plan for an expeditious transfer of the team to Rangers Baseball Express (RBE), a group led by Nolan Ryan. The article recaps the legal disagreements and negotiations that eventually concluded with RBE emerging as the winner with an auction bid of approximately $80 million. Ben Feder explains some of the difficulties with using a fast tracked bankruptcy process, without the consent of all major parties, noting particular challenges for professional sports franchises.