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December 16, 2009

Nolan Ryan says Tom Hicks will be second-biggest investor

Tom Hicks might be losing his unilateral decision-making powers, but he's going to have a seat on the Rangers' board of directors under the new ownership group led by Chuck Greenberg and Nolan Ryan. Hicks, said Ryan, will be the second-biggest investor in the group.

Ryan estimated that there might be 12 investors, give or take, and seven to nine board members. So, if the final prices ends up being, say, $525 million, the average investment would be around $44 million. Some will do more, some will do less.

Hicks is in the "more group." But any impactful decision regarding the baseball team (trade, free-agent signing, hiring, firing) will go to the board and ultimately be signed off by Greenberg, who could carry the title of CEO.

Ryan said that the new ownership group won't go crazy spending money, but they are committed to making decisions that will lead to a championship. Sounds like there will be some money to spend on free agents, but not until after the 2010 season.

-- Jeff Wilson


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