Rangers CEO Greenberg resigns

Texas Rangers CEO Chuck Greenberg resigned from the organization Friday, just seven months after teaming up with Nolan Ryan in an investment group that bought the team for $593 million in a bankruptcy auction.

"We greatly appreciate Chuck Greenberg’s hard work, professionalism and unwavering commitment to the team, our fans and the Dallas-Fort Worth communities," said Ray Davis and Bob Simpson, co-chairmen of Rangers Baseball Express LLC.

"Chuck is a dynamic leader with superb strategic, operational and business development skills, and under his and Nolan Ryan’s direction, we have accomplished a great deal in a short time. We thank Chuck for his many contributions to the organization, and wish him well in his future endeavors. At the same time, we are very confident in the continued success and further development of the Texas Rangers under Nolan’s leadership."

The Rangers announced that Ryan, the Hall of Fame pitcher, will add CEO to his title and oversee all baseball and business operations, reporting to the Rangers Baseball Express LLC Board of Directors.

Greenberg cited differences with Ryan and the board in announcing his departure from the franchise.

"I have great respect for the Texas Rangers franchise and am enormously proud of all we have accomplished together since August," Greenberg said Friday.

"Unfortunately, Nolan Ryan, the Co-Chairmen, and I have somewhat different styles. While I am disappointed we did not work through our differences, I remain wholeheartedly committed to doing what’s right for the franchise. Together we concluded it is best for all concerned for me to sell my interest back to Rangers Baseball Express and move on. I do so with a heavy heart, but with every confidence in the direction that the new management team is taking the Rangers and, with Nolan at the helm, I know this franchise will continue to thrive and reach even greater heights both on and off the field."

The Fort Worth Star-Telegram reported that Greenberg, a Pittsburgh sports attorney, was absent from key meetings during the past weekend in Scottsdale, Ariz.

The report speculated that his "method of operations" possibly upset key players in the franchise, including Ryan.

The Rangers made it to the World Series last season, but were defeated by the San Francisco Giants.