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Rangers Auction to Proceed as Mark Cuban Readies Bid

An auction for the Texas Rangers may proceed, a bankruptcy judge ruled, opening the way for Dallas Mavericks owner Mark Cuban to bid against Hall of Fame pitcher Nolan Ryan for control of the first-place baseball team.

U.S. Bankruptcy Judge D. Michael Lynn in Fort Worth, Texas, made the decision today after the team’s chief restructuring officer, William Snyder, backed an “enhanced” offer from a buyer’s group led by Ryan and attorney Chuck Greenberg. A condition of the new offer was that the auction be called off, Snyder said.