Texas Rangers file for bankruptcy;
The Texas Rangers, the Major League Baseball team controlled by billionaire Thomas Hicks, filed for bankruptcy to facilitate a sale to investors led by team president Nolan Ryan and his partner Chuck Greenberg.
The Texas Rangers , the Major League Baseball team controlled by billionaire Thomas Hicks, filed for bankruptcy to complete a $575 million sale to investors led by Hall of Fame pitcher and team president Nolan Ryan and his partner, Chuck Greenberg.