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Rangers May Have Borrowed As Much as $15 Million from MLB to Make Payroll
Rangers May Have Borrowed As Much as $15 Million from MLB to Make Payroll
In a sign that Tom Hicks’ financial woes may have reached a critical level, the Texas Rangers may have borrowed as much as $15 million from Major League Baseball to make payroll. The news of the possible shortfall by the club arose yesterday on “Inside Pitch” which airs on SIRIUS XM Radio’s ...
Texas Rangers Go Silent Over Chatter Major League Baseball Has Loaned Tom Hicks Money
insidecorner.dmagazine.com — ARLINGTON - Amid increased internet chatter Wednesday that Tom Hicks financial woes are deepening and that the club has borrowed money from MLB’s rainy-day fund, club officials took a strange approach. They went silent. The chatter arose ... (more) Texas Rangers Go Silent Over Chatter Major League ...
Rangers’ work goes on despite money matters
star-telegram.com — ARLINGTON — With Texas Rangers owner Tom Hicks trying to sell the team, Thursday’s reports that the Hicks Sports Group borrowed millions of dollars from Major League Baseball caused a stir. (more) Rangers’ work goes on despite money matters
Hicks misses payroll?
rangerfans.com — I was driving around today listening to XM's "MLB Home Plate" talk shows, and heard something that seems like epic level news. A caller called in and mentioned that Tom Hicks & the Texas Rangers failed to make payroll yesterday.... (more) Hicks misses payroll?
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Did Rangers have to borrow money from MLB to make payroll?
Big League Stew — Were you wondering what baseball team might be the first to run into serious financial troubles? Well, there's an interesting story bubbling down in the Metroplex, where rumors are circulating that the Texas Rangers had to borrow $15 million from Major League Baseball to make their payroll. Everything in its very early stages, but here's what we know so far: On Wednesday, a caller to Kevin Kennedy's show on XM Radio said he heard the above was true. Though Kennedy didn't corroborate the story, he said his sources in the organization have been painting a shaky financial footing for the team under owner Tom Hicks (right) and that the organization would be sold "sooner, rather than later." All of this was heard by Joe Siegler of ...

Podcast: Jeff Levine on Papa Joe Chevalier's Show - NFL Anti-Trust Case
The Biz of Football :: Part of the Business of Sports Network —     Yesterday, Business of Sports Network staff author Jeff Levine was on KLAV 1230, Las Vegas with Papa Joe Chevalier discussing the landmark anti-trust case that will be heard by the US Supreme Court. The case involves an appeal from American Needle Inc., an Illinois company that challenged the NFL exclusive deal with Reebok to manufacture licensed apparel. For more see High Court to Hear NFL Antitrust Case, Could Lead ...

Taco Bell Named as NBA's Official Quick Service Restaurant
The Biz of Basketball :: Part of the Business of Sports Network — The National Basketball Association (NBA) and Taco Bell Corp. (“Taco Bell”), today announced that Taco Bell has become the Official Quick Service Restaurant of the NBA, thus suppalnating Burger King as theOfficial Quick Service Restaurant for the league. As part of this comprehensive, multiyear marketing partnership Taco Bell will reach the broad and avid fan bases of the NBA, Women’s National Basketball Association and NBA Development League through a wide array of assets, including marquee league events, television and online exposure, and NBA–themed promotions in its nearly 5,600 restaurants nationwide. “The NBA represents an incredible opportunity for Taco Bell, one that fits ...

Islanders Make Tavares First Pick, Choose Flash and Scoring to Regain Fans
The Biz of Hockey :: The Business of Sports Network — The 2009 NHL Entry Draft came and went last week.  Overall, the event lacked any real drama.  However, it Friday’s fist round had a good amount of drama, as it featured both a blockbuster trade and finally unveiled to the world which can’t miss player the New York Islanders were going to anchor their rebuilding efforts around: John Tavares.  Held at the Bell Centre, home of the Montreal Canadians, the first day’s action included future hall of fame defenseman Chris Pronger and his hefty contract being moved from the Anaheim Ducks to the Philadelphia Flyers in exchange for a package that included top six forward Joffrey Lupul and several first round draft picks.  Flyers fans will love Pronger’s bruising style of play and on ...

Lakers Land Artest, Ariza Headed to Houston
The Biz of Basketball :: Part of the Business of Sports Network — Artest Headed to L.A. The Los Angeles Lakers have reached an agreement in principal with free-agent forward Ron Artest on a multiyear contract which totals approximately $18.7 million over three years or $33.5 million over five years, according to ESPN.com. ESPN The Magazine's Chris Broussard reported late Thursday night that the financial terms of the deal have not been completed because Artest's camp wants more time to weigh its options. Wednesday is the first day players can sign new contracts for the 2009-10 season when the league announces the new salary-cap ceiling and luxury-tax ...

BREAKING: Steve McNair Killed in Apparent Double Homicide
The Biz of Football :: Part of the Business of Sports Network — UPDATE #4 - Story is flux. It is unclear if the woman involved in McNair's wife. Nashville police spokesman Don Aaron said, "At this point, we don't know the circumstances of these shooting deaths. The investigation is going to be conducted by the police department's centralized homicide unit. Those detectives have assembled here at the scene. The condominium still has to be processed. There is a lot of work yet to be done. It's going to ...

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Did Rangers have to borrow money from MLB to make payroll?
sports.yahoo.com 7/2/2009 — Were you wondering what baseball team might be the first to run into serious financial troubles? Well, there's an interesting story bubbling down in the Metroplex, where rumors are circulating that the Texas Rangers had to borrow $15 million from ...
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Chris Davis' Strikeout Pace Is ObsceneBleacher Report - MLB 7/2/2009
Chris Davis is in his second season with the Texas Rangers. In 74 games, he has struck out 111 times, which is an average of 1.5 strikeouts per game. From Apr. 21 through May 13, Davis struck out in 21 consecutive games. He is on a pace to strike ...