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Report: Rangers Borrow Millions From MLB
A Yahoo! report says the Texas Rangers borrowed millions of dollars from Major League Baseball within the last week.
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(July 2, 2009)--A Yahoo! report says the Texas Rangers borrowed
millions of dollars from Major League Baseball within the last week.
Rangers spokesman John Blake told the Web site that the club would have no comment, and Rich Levin, a spokesman for the commissioner's office, said baseball does not comment on team finances.
Baseball will continue to offer financial assistance to owner Tom Hicks until he is able to sell the team, the Web site reported, citing a major league source with direct knowledge of the situation.
Yahoo! reported a major league source told the Web site that the loan to the Hicks Sports Group was not made specifically to help Hicks with payroll obligations and was believed to be for less than $15 million.




