Former Co-Owner Of Texas Rangers, Rusty Rose, Dies
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DALLAS (AP/CBSDFW.COM) — Rusty Rose, a former co-owner of the Texas Rangers with former president George W. Bush, has died at the age of 74.
His family says in a statement that he passed away on Friday night after a long battle with depression.
Rose was publicity shy even though he worked in public arenas of finance and sports.
He founded Cardinal Investment Company, a Dallas investment management and brokerage firm, in 1974.
In 1989, he joined with Bush to purchase the Rangers. They sold the team in 1998.
Rose made a rare public statement then saying a person couldn't really own a baseball team, but only be a good steward of it for those who love the game.
Bush said in a statement that he and his wife already miss him.
"Laura and I are deeply saddened by the loss of our pal Rusty Rose. Rusty was a dear friend, great partner and brilliant thinker," the statement read. "The entire Bush family sends our heartfelt sympathies and prayers."
The family statement says: "Rusty Rose was a good steward of baseball and life."
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