Ryan to buy Rangers
Nolan Ryan and the group that he has put together have reached an agreement with owner Tom Hicks to purchase the Texas Rangers.
The purchase price is expected to be more than $500 million, and the two sides have been working relentlessly to get a deal done.
The deal will now have to be reviewed by the MLB owners and get an approval of 75 percent. I highly doubt that will be an issue in this case.
Hicks had to sell the team to try and pay off some of his debt, but has already stated that will not be selling his NHL team, the Dallas Stars.
The owner initially tried to find a group of local investors to help him maintain control of the club, but those efforts did not prove successful.
