Tom Hicks has agreed to sell the Texas Rangers to a group that includes Hall of Fame pitcher Nolan Ryan.The sides announced Saturday night that they had finally reached an agreement, eight days after a 30-day exclusive negotiating window expired. The group is headed by Pittsburgh sports attorney Chuck Greenberg.
"Together, we have worked exhaustively since last month to attain this agreement," Hicks said in a statement. "It's a complex business deal that positions the franchise positively for the future."
The purchase price is expected to be more than $500 million.
The next step is the deal has to be reviewed by baseball's executive and ownership committees. Then at least 75 percent of baseball owners would have to approve the transfer of ownership from Hicks to Greenberg's group.
A group of 40 lenders holding debt from Hicks Sports Group also has to approve.
Ben Sheets
During his six seasons with the Los Angeles Angels, 
A funny thing happened on the way to the 
Hall of Fame pitcher Nolan Ryan only spent five of his 27 Major League seasons with the 
After word out of Indianapolis made it sound like a 
The Winter Meetings did not disappoint. It wasn't the busiest year but it had a little of everything. With blockbuster trades, multiple free-agent signings, other big deals in the works, and even some interesting Rule 5 draft moves, there were plenty of things to talk about. While the 
INDIANAPOLIS -- There is little doubt that the 
The Orioles picked up a veteran piece for their starting rotation at the Winter Meetings on Wednesday when they agreed to pick up 
INDIANAPOLIS -- Managers of nine different major league teams each had approximately 30-minutes in interview sessions with the media during baseball's Winter Meetings Monday in the Indianapolis, in addition to the announcement of two new inductees to baseball's Hall of Fame. Here's a sampling of some of the more interesting tidbits from the first full day of the annual meetings. 
