MLB Approves Sale Of Rangers To Greenberg And Ryan

Major League Baseball unanimously approved the sale of the Texas Rangers from Thomas O. Hicks to the group led by Chuck Greenberg and Nolan Ryan during its quarterly owners meetings in Minneapolis, Baseball Commissioner Allan H. (Bud) Selig announced today.  Mr. Greenberg will serve as the new ownership group's control person and Mr. Ryan will continue to serve as President of the Club.
"I am very pleased that Chuck, Nolan and their impressive ownership group have been approved as the new leadership of the Texas Rangers franchise," Commissioner Selig said. "Chuck and Nolan have demonstrated an unwavering commitment to the Rangers.  Their passion for Major League Baseball as a whole and particularly the future of baseball in Texas is exemplary.
"In addition, I want to thank the Rangers' fans for their patience throughout this difficult process.  I am confident that Chuck, Nolan and the entire ownership group will serve as dedicated stewards of this club by building a long-term, stable franchise which values its standing in the Dallas-Fort Worth communities.  I am glad that the Rangers' great season on the field will get the attention it deserves during the pennant race."

ARLINGTON, Texas—Rangers Baseball Express LLC today announced it has completed its purchase of the Texas Rangers Baseball Club and related assets from Texas Rangers Baseball Partners.
Rangers Baseball Express LLC, an investor group led by Chuck Greenberg and Nolan Ryan, becomes the sixth owner in the history of the Texas Rangers.Greenberg will be the Managing Partner and CEO of the Rangers while Ryan will continue as President of the club. Ray Davis of Dallas and Bob Simpson of Fort Worth will serve as co-chairmen of the Board of Directors of the 18-person investor group.
"I can't tell you how excited we are to complete our purchase of the Texas Rangers," commented Greenberg. "It's been a long journey, but well worth the wait. We believe that this franchise belongs to all of its fans, and we pledge to be passionate in all we do to bring you the very best on and off the field."
"We can now turn our full attention to continuing what has been a great season on the field," said Ryan. "We thank the fans and the community for their tremendous loyalty and support and we look forward to the excitement as we head down the stretch and into October."

TEXAS RANGERS OWNERSHIP

Principal Owners                                                                                 Years

Robert E. Short                                                                                     December 3, 1968-May 29, 1974

Bradford G. Corbett                                                                              May 29, 1974-April 29, 1980

H.E. (Eddie Chiles)                                                                                April 29, 1980-April 21, 1989

George W. Bush/Edward W. Rose Partnership*                                       April 21, 1989-June 16, 1998

Thomas O. Hicks                                                                                   June 16, 1998-August 12, 2010

Chuck Greenberg/Nolan Ryan Partnership                                               August 12, 2010-

*J. Thomas Schieffer succeeded Bush as a General Partner in November 1994