Ryan, Cuban face bidding war for Texas Rangers - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Ryan, Cuban face bidding war for Texas Rangers

FORT WORTH, Texas (AP) - Today's Texas Rangers auction in Fort Worth has been delayed a few hours as officials in the team's bankruptcy case determined which of the two bids is higher.

A bankruptcy judge says the bidding can't start until the highest offer is revealed.

The auction pits a group led by Dallas Mavericks owner Mark Cuban and Houston businessman Jim Crane against a group led by Hall of Fame pitcher Nolan Ryan and Pittsburgh sports attorney Chuck Greenberg. The team is owned by Tom Hicks.

The Greenberg-Ryan group -- Major League Baseball's preferred buyer -- has the base bid because it was named the team's buyer months ago, before the deal was stalled by creditors.

Before the judge's announcement, the restructuring officer's attorney told The Associated Press that lawyers were still trying to determine if the Cuban-Crane bid was qualified.

MLB has final approval of the sale.

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