Despite Foul Balls, Greenberg Says Texas Rangers Acquisition is "Right on Schedule"
Well before the Rangers Baseball Express hit the ball out of the park, would-be buyers were made aware of the foul ball: MLB executive vice president Rob Manfred sent would-be buyers a payment-due missive. As the SBJ reported yesterday, "The Manfred letter said that the buyer would be responsible for filling the fund upon completion of the team sale, meaning the liability was factored into the bidding prices." In other words, Chuck Greenberg knew what he was getting into.
That's what he tells T.R. Sullivan today on the MLB's official Web site: "Everything is moving right on schedule. We should be all set by late March or April 1." That, despite the fact some lenders think Tom Hicks should have gotten more than the $500-plus million Greenberg's forking over.