Economics
Ryan’s Bankruptcy Save of Rangers Set for $100 Million Payoff
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Hall of Fame pitcher Nolan Ryan and the rest of the investors who took the Texas Rangers from bankruptcy to the World Series are nearing a quick payback.
Ryan, Managing Partner Chuck Greenberg and the other owners in their group may see Major League Baseball’s championship series boost the team’s value by $50 million to $100 million above the $593 million the group paid in a bankruptcy court auction Aug. 5, said Andrew Zimbalist, an economics professor at Smith College in Northampton, Massachusetts, who has written about the sports industry.