Rangers to be put to auction Wednesday
Baseball Betting Lines
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.
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It's less than a month until the NHL hockey betting season opens at MySportsbook.com and preparations are underway for another battle in the race to hoist Lord Stanley's mug in 2007.
As cup crazy fans prepare to place their bets, one online sportsbook ,MySportsbook.com, is offering hockey betting lines on the 2007/2007 Stanley Cup , who will bring it home this upcoming season.
Despite a poor showing in last season's playoffs and the loss of Steve Yzerman to retirement, the Detroit Red Wings are early favourites at this online sportsbook with wagering odds of 6-1. The Wings will look to offensive powerhouse Pavel Datsyuk and newly appointed captain Nicklas Lidstrom to lead one of the league's most prominent franchises.
Always a threat are the Ottawa Senators, with newly acquired goaltender Martin Gerber from the Stanley Cup champion ,Carolina Hurricanes. The Sens are second best in the rankings at a 7-1 bet, and odds makers at this sportsbook are optimistic that the Ottawa squad will fare better than last season's Eastern Conference semi-final upset to the Buffalo Sabres.
Also worth noting are the defending Stanley Cup champs Carolina Hurricanes, a 10-1 bet to repeat. Behind the Canes are the New Jersey Devils, Calgary Flames, Buffalo Sabres, Philadelphia Flyers, and Anaheim Mighty Ducks all sit at 12-1. In the basement are the Washington Capitals, Chicago Blackhawks, and St. Louis Blues who all have 100-1 odds to win.
To visit this online sportsbook got to MySportsbook.com for all your hockey betting needs.