TLP: Is There Anything He Touched That Didn't Go To Sh*t?
Granted, it's been a few years since George W. Bush had anything to do with the Texas Rangers, but, come on, how easy is this one?
The battle over the Texas Rangers baseball franchise escalated to an all-out war Monday, with the team filing for Chapter 11 bankruptcy protection in a pre-packaged effort to force a sale to Hall of Fame pitcher Nolan Ryan and his partner, Pittsburgh attorney Chuck Greenberg, after a months-long fight over the fate of the franchise.Once that's settled, maybe someone is up for bidding on Iraq, the Republican Party and the English language.
The Rangers current owner, Tom Hicks' HSG Sports Group, now faces an angry group of creditors, who are owed more than $540 million. They are vowing to oppose the bankruptcy, arguing that the deal proposed to the court doesn't provide them with the money they are entitled to under the terms of their loan agreements.
The bankruptcy filing was the latest move in a 14-month fight between the creditors and Mr. Hicks, whose company defaulted on loans in March 2009, when Mr. Hicks decided he would no longer prop up the company's operations with money from his personal fortune.