Monday’s move to bankruptcy put Rangers one step closer to being a legitimate contender

Monday’s move to bankruptcy put Rangers one step closer to being a legitimate contender

Evan Grant – The Dallas Morning News

All it takes is money.

Somehow, by placing the team into bankruptcy Monday, embattled outgoing owner Tom Hicks gave the team the best shot at making that Utopian plan reality.

The bankruptcy filing asks a Fort Worth judge to rule on the club’s “prepackaged” voluntary Chapter 11 filing within the next 45 days. The potential for expediting the process is what makes the bankruptcy filing so potentially advantageous for the Rangers.

The filing includes plans to sell the team to a group headed by Chuck Greenberg and Nolan Ryan, which has the official endorsement of Major League Baseball. If Judge Michael D. Lynn can sift through all the paperwork, motions and legal maneuvering from some ravenous creditors and deliver a verdict in the next two months, the Rangers might just be set up to make a long-term impact on the American League.

In other words, all that “financial flexibility,” about which Hicks has often spoken the last five years? Greenberg and Ryan might just bring it. Or at least enough of it to make a difference this year.

Greenberg acknowledged Monday that his proposed budget for the Rangers’ baseball operations is larger than the Spartan MLB-approved budget, under which the club has been operating since last fall. There is some money