mohanarao
05-26-2010, 12:42 PM
Rodriguez, who played for the Rangers for three years, is owed nearly $25 million in "deferred compensation," according to court documents.
"Our goal is to move forward with our plan to create a long-term record of success and championships," Ryan said in a statement.
Ryan, a former Ranger who is widely considered one of the best pitchers of all time, will remain in his role as president of the team.
The sale is expected to have no impact on Rangers baseball operations, according to Major League Baseball Commissioner Allan "Bud" Selig.
The deal, which is subject to court approval, will allow the Rangers to operate within its existing budget. That means the team will be able to acquire new players. In addition, Rangers vendors and suppliers will be paid in full.
"Our goal is to move forward with our plan to create a long-term record of success and championships," Ryan said in a statement.
Ryan, a former Ranger who is widely considered one of the best pitchers of all time, will remain in his role as president of the team.
The sale is expected to have no impact on Rangers baseball operations, according to Major League Baseball Commissioner Allan "Bud" Selig.
The deal, which is subject to court approval, will allow the Rangers to operate within its existing budget. That means the team will be able to acquire new players. In addition, Rangers vendors and suppliers will be paid in full.