A judge has ruled that Major League Baseball will provide funding to keep the Texas Rangers afloat during bankruptcy proceedings.
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That action came Wednesday, two days after the bankruptcy filing, raising the possibility that the team's stalled $575 million sale by owner Tom Hicks may happen this summer.
After the hearing, Hall of Fame pitcher and team president Nolan Ryan – who leads a group that's the prospective buyer – said he was pleased with the court's timetable. He said the Rangers want to participate in the non-waiver trading deadline July 31 and the amateur draft next month.