Tom Hicks said the sale of the Texas Rangers is at a very delicate stage and that the 40 lenders who hold Hicks Sports Group debt are seeking higher bidders before they will approve the deal in place with a group headed by Chuck Greenberg and Nolan Ryan.
"This will be resolved one way or the other," Hicks said. "I'm concerned about it. We've received information that as things stand it will not be approved."
Hicks distanced himself from responsibility for getting the deal done, saying it's up to Greenberg and Major League Baseball to find a way to satisfy the lenders who are holding out. Monarch Alternative Capital is leading the holdouts.
Greenberg was not immediately available for comment, but his forecast of a closing the week apparently won't happen.
"I hope it gets sorted out soon," Hicks said. "It's still not worked out. It has to get worked out."
-- Jeff Wilson