We’ve relayed reports of MLB’s taking control of the Rangers. Hicks Sports Group dumped so much debt on the team that it had come perilously close to not making payroll. So tonight’s news that the Ricketts family is buying the Chicago Cubs from Tribune for $845 million is good news. But for whom?  Certainly for MLB. And certainly for the Rangers, who so far, insiders tell us, have not received one bid or even a serious expression of interest. But if a potential buyer now studies the Cubs deal (which includes Wrigley Field and some television proceeds), decides the Rangers are a steal (so to speak), and writes a large check to buy them, who gets the money? The creditors, of course, are first in line. And after that? MLB or Hicks? Or a combination of both?
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