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As most of you know by now, Dallas Mavericks owner Mark Cuban has been identified as a possible bidder for the Texas Rangers. The Rangers ownership situation is an absolute mess. Tom Hicks was the owner but was forced to file bankruptcy thus having a bankruptcy court decide the future of the franchise. High finance is not an area of expertise for myself but I have learned something throughout following the process: bankruptcy court is complicated, confusing and not good for a swift ownership resolution.

Rewind a few months. It was a foregone conclusion that Nolan Ryan paired with a lawyer from Pittsburgh named Chuck Greenberg would be the next owners of the Rangers. That was before bankruptcy court and before it was announced that the franchise would be auctioned off. It sounds odd when you hear that a professional sports team’s next owner would be determined via auction. But that’s where we are.

When the news broke a little over two weeks ago that Cuban would he involved in the bidding process, many thought he would merely be a minority part of a potential ownership group. But as the days went by, it became apparent that he was likely in it to win it meaning he was not going to be part of a group but instead go at it solo.

Both the bankruptcy court and Cuban’s lawyer have confirmed the outspoken owner’s interest in bidding on the Rangers but according to the aforementioned lawyer a final decision has yet to be made. If Cuban elects to bid, it must be placed by August 3. The auction date is set for August 4.

A couple of years ago, Cuban was serious in his intentions to become the next owner of the Chicago Cubs. It was said that the commissioner of MLB Bud Selig and the owners did not want Cuban to join the exclusive fraternity that is MLB ownership. Cuban said the price reached the point where buying the Cubs was no longer a good investment.

There is no denying Cuban’s success as a businessman or his ability to determine whether or not a business opportunity is a good or bad investment. He has a plethora of skins on the wall when it comes the business world.

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By Chris Stuckey, Mavsball

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