Found July 02, 2009 on
6-4-2: Double Play Blog:
Tom Hicks has folded the marketing group selling the Rangers, splitting employees into their respective teams. (It was plugging both the Dallas Stars hockey team and the Rangers.)
The Rangers borrowed $15M from MLB to make payroll.
The chatter arose Wednesday after a local blog reported hearing on a national radio broadcast the team had borrowed $15 million from MLB to make its most recent payroll obligations and to fund ongoing operations. Asked about the reports, Hicks referred questions to team spokesman John Blake, who said the team would have no comment on the financial situation. Club president Nolan Ryan declined to comment after the Rangers’ 9-7 win over Los Angeles, which pulled them within a half game of the Angels in the AL West.
Club sources, however, said the team has paid its employees for the most recent pay period and that Hicks remains in control of the organization. According to a source familiar with the situation, the Rangers are continuing normal operat...
Original Story:
http://6-4-2.blogspot.com/2009/07/sig...
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