Chuck Greenberg Pleased with Texas Rangers Bankruptcy Hearing

A U.S. bankruptcy judge rendered no decision at a hearing on Tuesday that could have determined the outcome In moving the Texas Rangers at a hearing in Ft. Worth today, but not before making statements from the bench that appeared to side with the Rangers and MLB. U.S. Bankruptcy Judge Michael Lynn listened to arguments Tuesday that it was irrelevant whether creditors could garner more money if the process was opened back up to allow former bidder Jim Crane back into the mix. Martin Sosland, a lawyer for the Rangers said after going over details on the bankruptcy code that are based upon the lien against the club, "They're entitled to $75 million, and they go away," Sosland said. Judge Lynn sided with Sosland saying, "I'm inclined to agree with your position on the maximization of value. At this point, you're ahead on that one." Roughly midway through the hearing, Lynn said repeatedly that it seemed that holding companies, such as Hicks Sports Gro...