Reports this morning have had one last ditch effort by Chuck Greenberg and Nolan Ryan to agree to a deal with creditors was accepted by some, but the group was unable to get all creditors on board.
According to a tweet from Anthony Andro, we may know the identity of the scuttling entity:
Source: The secondary lien holder who blocked the sale from going down last night was Sal Galatioto, who has dealt with Hicks before.