Major League Baseball owners unanimously approved the sale of the Texas Rangers to an investment group led by Hall of Fame pitcher Nolan Ryan and sports attorney Chuck Greenberg on Thursday. The sale was formally approved at a MLB owners' meeting in Minneapolis, marking the end of a monthslong struggle that Ryan and Greenberg endured to take control of the club.

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FORT WORTH, Texas - An investment group led by Hall of Fame pitcher and Texas Rangers president Nolan Ryan won a contentious and unusual auction for the team early Thursday, beating back a an offer of nearly US$600 million from outspoken Dallas Mavericks owner Mark Cuban.

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