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08/03/2010 - Seattle, WA (Sportsbook Betting Lines) - The Texas Rangers will be formally put up for auction Wednesday morning at 8:30 am (ct) in U.S. Bankruptcy Court in Ft. Worth.
There are three known bidders and the winner will then have to be approved by Major League Baseball before officially taking ownership of the team.
Pittsburgh lawyer Chuck Greenberg is fronting a group, which includes Rangers president Nolan Ryan, that reached an agreement on January 23 to purchase the team and the land around the Ballpark in Arlington for $575 million from owner Tom Hicks.
The Rangers filed for bankruptcy in May but the lenders who hold the debt on Hicks Sports Group ultimately objected to the sale with the belief that the team could fetch more money.
The Greenburg group recently increased its offer, although it was rejected by U.S. Bankruptcy judge Michael Lynn, who ordered the auction process to proceed as scheduled.
Initial bids must be submitted by Tuesday night and be at least $15 million more than the Greenberg group's original bid.
Subsequent bids on Wednesday must be at least $2 million more than the highest bid offered on Tuesday.
The other two groups are lead by Houston businessman Jim Crane and Dallas Mavericks owner Mark Cuban. There has been some speculation that the two could combine forces to purchase the team together.
FOX News Corp. has also been rumored to be a suitor for the franchise.
<< Heat visit Celtics in NBA opener, LA on Christmas
NEW YORK (AP) -The NBA will open its season with a battle of Big Threes, then offer up the new-look Miami Heat against Kobe Bryant and the defending champion Los Angeles Lakers on Christmas Day.The Heat will debut their All-Star trio of Dwyane Wade,
<< Panthers add depth at defense with Weaver signing
Sunrise, FL (Sportsbook Betting Lines) - The Florida Panthers agreed to terms with
defenseman Mike Weaver on a two-year contract Tuesday.
"Mike is a hard working, high character defenseman who averaged nearly 17
minutes of ice time per ga
<< This Week in Auto Racing August 6 - 8
Watkins Glen, NY (Sportsbook Betting Lines) - It will be an enjoyable weekend of road
course racing in both NASCAR and the IZOD IndyCar Series. The Sprint Cup and
Nationwide Series wind their way through Watkins Glen, NY. The Camping World
Truck S
<< Team USA coach D'Antoni to miss Worlds
Colorado Springs, CO (Sportsbook Betting Lines) - USA Basketball Men's National Team
assistant coach Mike D'Antoni will miss the FIBA World Championship in Turkey
because of back problems.
The Knicks head coach will assist the team in New York f
Trucks make second trip to Nashville this season >>
Lebanon, TN (Sportsbook Betting Lines) - Series: NASCAR Camping World Truck. Date:
Saturday, August 7. Race: Nashville 200. Site: Nashville Superspeedway. Track:
1.333-mile concrete surfaced oval. Start time: 9:00 p.m. (et). Laps: 150.
Miles: 200. 2009 w
IndyCar returns to U.S. with Mid-Ohio >>
Lexington, OH (Sportsbook Betting Lines) - Series: IZOD IndyCar. Date: Sunday, August 8.
Race: Honda Indy 200 at Mid-Ohio. Site: Mid-Ohio Sports Car Course. Track:
2.258-mile, 13-turn road course. Start Time: 3:00 p.m. (et). Laps: 85. Miles:
191.25. 2009
Rockies activate Helton from DL >>
Denver, CO (Sportsbook Betting Lines) - The Colorado Rockies on Tuesday reinstated
first baseman Todd Helton from the 15-day disabled list and optioned infielder
Jonathan Herrera to Triple-A Colorado Springs.
Helton is batting .246 with a pai
Lions agree with top pick Suh >>
Allen Park, MI (Sportsbook Betting Lines) - The Detroit Lions have
reportedly agreed to terms with defensive tackle Ndamukong Suh, the second
overall pick in the 2010 NFL Draft.
MLive.com is reporting that it is a five-year d
Mayweather picked to beat De La Hoya
LAS VEGAS, NEVADA -- Golden Boy Oscar De La Hoya and his rival Floyd Mayweather Jr. arrived at the MGM Grand here Wednesday amid the pomp and pandemonium befitting two of the biggest stars in the sport who are about to duke it out for the WBC super welterweight crown this Saturday (Sunday in Manila).
As of Wednesday, MySportsbook.com closed its book with Mayweather a favorite to defeat De La Hoya at -170 (a $100 bet wins $70), while De La Hoya is a +140 underdog (a $100 bet wins $140).
Mayweather arrived at about 11:30 a.m. on a big truck with his face and a big "World's Best Pound-for-Pound" sign scribbled across the vehicle. He was accompanied by his entourage made up of rappers and his training team.
A crowd of close to 3,000 eager fans packed the MGM Grand lobby, with their cameras in tow, all trying to vie for position to get a good angle at Mayweather, who is acknowledged as the world's best fighter pound-for-pound.
Eric Gomez, Golden Boy Promotions vice-president, described the fan turnout as "amazing" and swore he had never seen anything quite like this event.
"The crowd was fantastic. Everybody was just too eager to see the two fighters," said ALA manager Michael Aldeguer, who was among those who waited at the lobby together with his ward Rey "Boom Boom" Bautista and AJ Banal.
De La Hoya made his own grand entrance at the hotel lobby at around 12:30 p.m. accompanied by GBP chief executive officer Richard Schaefer and trainer Freddie Roach.
The same group of fans who trooped to see Mayweather also lingered around to get a close look at De La Hoya, who has been secretly working out at a Las Vegas gym for days after arriving from his main training camp in Puerto Rico.
The golden boy then took part in a closed-door afternoon workout with Bautista and Banal. The two, along with Aldeguer and wife Christine, as well as an HBO crew were the only ones allowed inside the gym.
De La Hoya and Mayweather take part in today's final press conference before the official weigh-in this Friday.
Ring Magazine, the acknowledged bible of boxing, reported in its June 2007 issue that 12 out of 20 boxing experts it interviewed have favored Mayweather to defeat De la Hoya, with only 8 favoring the latter.
But Filipino ring icon Manny Pacquiao said in a recent interview with The Freeman's Emmanuel Villaruel that De La Hoya will win by unanimous decision over Mayweather.
To visit this online sportsbook got to MySportsbook.com for all your bet on boxing needs.
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