Texas Rangers exit bankruptcy protection after Nolan Ryan's group wins auction

 
By ANGELA K. BROWN, Associated Press Writer
Published: August 5, 2010

FORT WORTH , Texas — The Texas Rangers exited federal bankruptcy protection on Thursday, about 14 hours after Hall of Fame pitcher Nolan Ryan 's group was awarded the team at a marathon auction showdown with billionaire Mark Cuban .

U.S. Bankruptcy Judge Stacey Jernigan 's approval of the team's reorganization plan clears the way for Major League Baseball to formally approve Ryan and sports atto...


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