TheBaseballPage.com

Chuck Greenberg Biography by The Baseball Page

Chuck Greenberg Biography by The Baseball Page

Attorney Chuck Greenberg of Pittsburgh, PA is the Chief Executive Officer and managing partner of the Texas Rangers. On January 23, 2010, he and Hall of Fame pitcher Nolan Ryan headed a group of investors who purchased the team from Tom Hicks for a price said to exceed $500 million. Ryan kept the title of team President, which had been given to him by Hicks a year earlier. The ownership group is named the Rangers Baseball Express. However, the sale became tied up in bankruptcy proceedings surrounding Hicks's default on loans totaling $525 million. Following a Federal Bankruptcy Court ruling on June 22, creditors were given the right to vote on the deal, putting the entire sale in jeopardy and forcing Greenberg and Ryan to bid for the team at a special bankruptcy auction held in US Federal Bankruptcy Court on August 4. After a tense of bidding, Greenberg's offer emerged as the winner in the early hours of August 5, defeating one by Mark Cuban, owner of the National Basketball Association's Dallas Mavericks. The winning bid included $385 million in cash, and the assumption of many of Hicks's debt to total $593 million overall. The sale received unanimous approval from MLB owners on August 12, bringing the drawn-out saga to an end.

Greenberg has had a long association with sports, counting former National Football League quarterback Bernie Kosar and all-time National Hockey League great Mario Lemieux among his clients. In April 2009, he purchased the Altoona Curve of the Eastern League. In addition to his partnership in a law firm, he runs Greenberg Sports Group, a marketing consultant for sports teams and also owns the minor league State College Spikes and Myrtle Beach Pelicans.

By BR Bullpen

 

More From Around the Web

Sponsored Links

This day in baseball history

July 24

  • 2007

    On July 24, 2007, the same day that he announced he would re ...

  • 1983

    On July 24, 1983, the Kansas City Royals and New York Yankee ...

  • 1978

    On July 24, 1978, Pete Rose of the Cincinnati Reds extends h ...

More Baseball History

Player Profile

Fred Waters

P, Pittsburg Pirates

Read Bio
Hall of Fame

Mickey Welch

OF, New York Giants

Read Bio
Season Profile

1958 Philadelphia Ph

Rich “Whitey” As

Read Bio
Historical Figure

Al Buckenberger

 

Read Bio
Manager Profile

Ted Lyons

Chicago White Sox

Read Bio
Ballpark Profile

Wrigley

Wrigley Field is known as "The

Read Bio
Tagged:
Altoona Curve, Baseball History, Eastern League, MLB Owner, Nolan Ryan, Texas Rangers, Tom Hicks

Comments

    Be respectful, keep it clean.
Login or register to post comments

Stay Connected

Share |

Today's Poll

Will Red Sox Repeat in 2014: