Judge sets auction date for Rangers sale

BY foxsports • July 13, 2010

A federal bankruptcy judge has decided that the Texas Rangers will be auctioned off after all.

U.S. Bankruptcy Judge D. Michael Lynn set the date for Aug. 4.

Major League Baseball endorsed its preferred buyer - a group led by team president and Hall of Fame pitcher Nolan Ryan and Pittsburgh sports attorney Chuck Greenberg - months ago. Angry creditors have argued that the Greenberg-Ryan bid was not the highest and the judge decided an auction was the best way to proceed.

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