Prospective buyers sue Texas Rangers, alleging contract breach during bankruptcy case

Texas Rangers sued by prospective buyers

FORT WORTH, Texas — The Texas Rangers have been slapped with a lawsuit accusing them of breaching an agreement with the team’s prospective buyers, a group led by Hall of Fame pitcher Nolan Ryan and Pittsburgh sports attorney Chuck Greenberg.

The suit filed Monday in the Rangers’ bankruptcy case accuses the court-appointed restructuring officer of trying to “hijack” the case by reopening the bidding process.

The suit says the Greenberg-Ryan group was chosen to buy the team after a lengthy and fair process last year. It says the group even raised its offer by $10 million after it was chosen as the winning bidder because the team was still negotiating with other interested buyers.

The group wants the bankruptcy judge to order the Rangers to sell the team to the Greenberg-Ryan group to comply with its purchase agreement.