Cred­i­tors urge de­lay of Rangers auc­tion

Austin American-Statesman - - SPORTS -

FORT WORTH — An­gry cred­i­tors urged a fed­eral bank­ruptcy judge Tues­day to de­lay next month’s auc­tion of the Texas Rangers, say­ing po­ten­tial buy­ers need three to four months to se­cure fi­nanc­ing — jeop­ar­diz­ing the sale to Ma­jor League Base­ball’s pre­ferred buyer.

The court-ap­pointed re­struc­tur­ing of­fi­cer and a lender tes­ti­fied that po­ten­tial bid­ders have said se­cur­ing fi­nanc­ing would be dif­fi­cult by the sched­uled Aug. 4 auc­tion.

Attorneys for the Rangers ar­gued in­ter­ested par­ties have had plenty of time to get fi­nanc­ing in or­der and re­view doc­u­ments, be­cause some par­tic­i­pated in bid­ding last year.

Sal­va­tore Gala­tioto, presi-

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