MLB owners approve sale of Texas Rangers (AP)

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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Rangers get OK to exit bankruptcy protection (The Canadian Press)

Texas Rangers president Nolan Ryan smiles as he talks about buying the baseball team at courthouse auction, during a news conference in Arlington, Texas, Thursday, Aug. 5, 2010.The Rangers exited federal bankruptcy protection on Thursday, little more than 12 hours after Hall of Fame pitcher Ryan's group bought the team at a marathon auction. Major League Baseball is expected to formally approve Ryan and sports attorney Chuck Greenberg as the team's new owners next week.

FORT WORTH, Texas - The Texas Rangers got approval Thursday to exit federal bankruptcy protection, an anticlimactic end to one of the most contentious sales of a professional sports team.


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