BREAKING NEWS: CRO alleges in bombshell motion that TX Rangers are working in tandem with Greenberg/Ryan on their lawsuit against clubâ†µ
CRO’s motion says team will not contest Greenberg and Ryan’s efforts; asks court to be a party to the lawsuit; more in SBD tomorrowâ†µ
UPDATE: Adam J. Morris may not be a contract or bankruptcy lawyer, but he is at least a lawyer, so his take:â†µ
The Rangers and Greenberg/Ryan are trying to moot the creditors' claims that there could be more money available from another bidder. If Greenberg/Ryan's suit is successful, any additional money coming from the sale of the club to another team would go to Greenberg/Ryan, not the creditors. Thus, the creditors wouldn't be any better off, at the end of the day, if the team is sold to Jim Crane or Dennis Gilbert or anyone else.â†µ
That removes any impediment to the team selling to the Greenberg/Ryan group.â†µ
I've been getting to the point where I just want this done and if it means someone with more money then that's a consolation. But if Greenberg/Ryan is getting closer, that makes me happy.