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Judge Lynn Rules Mediation, Further Delays Bankruptcy Ruling

The Rangers suffered another setback in their attempt to expedite their sale and allow new owners the opportunity to add players via trade prior to MLB’s July 31 non-waivers trade deadline, as their bankruptcy court judge added to his Tuesday ruling Thursday by requiring mediation a week after he initially promised a ruling.

U.S. Bankruptcy Judge D. Michael Lynn ruled that both sides will meet July 16 to hammer out issues over the Rangers’ bankruptcy plan to pay creditors $75 million and sell the club to a group led by Nolan Ryan, the Hall of Fame pitcher and team president, and Pittsburgh attorney Chuck Greenberg.

Lynn delayed until July 22 a hearing on whether to approve the plan. That hearing, initially set for two weeks earlier, is much closer to the July 31 nonwaiver trading deadline.

Photographs by jamesbrandon, jdtornow, phlezk, flygraphix, mcdlttx, tomasland, and literalbarrage used in background montage under Creative Commons. Thank you.