The latest development in the zany string of event surrounding the neverending Rangers sale process has prospective buyers Noland Ryan and Chuck Greenberg suing the group that currently owns the Rangers – Texas Rangers Baseball Partners, run by Tom Hicks – for what they claim as attempting to scuttle the deal in place by reintroducing new bidders after the group had won exclusive negotiating rights.
Basically, it reads like Rangers Baseball Express is accusing both Texas Rangers Baseball Partners (TRBP) and, in essence, Tom Hicks of negotiating with other potential bidders, even after the Greenberg/Ryan partnership was selected as the winning bid. From the “Nature of the Action” come these requests. Later, the suit claims that TRBP continued to solicit bids during what was supposed to be an exclusive negotiating period. It also seems to indicate an unhappiness with the direction that court-appointed Chief Restructuring Officer William K. Snyder took the bankruptcy case while bankruptcy court judge D. Michael Lynn was on vacation.