
| Suit: Hicks misdirected millions from team | |||
Published: Aug. 16, 2011 at 2:12 PM
Former Texas Rangers owner Tom Hicks, who allegedly misdirected millions of dollars from the team. cc/ma/Moses Almos UPI
DALLAS, Aug. 16 (UPI) — Former Texas Rangers owner Tom Hicks misdirected tens of millions of dollars from the team to acquire what are now profitable parking lots, a lawsuit claims. The lawsuit, filed Monday by the team’s post-bankruptcy administrator, accuses Hicks of using money from the franchise to acquire the lots near Rangers Ballpark in Arlington and Cowboys Stadium, the Fort Worth Star-Telegram reported. Hicks also forced the Rangers to spend at least $18 million on parking lots and roads instead of financing deferred compensation for players, as required by Major League Baseball, said Alan Jacobs, the administrator charged with disbursing assets from the bankruptcy sale, A total of $30.5 million was misdirected, according to lawsuit, filed in the 116th state District Court in Dallas. The suit says financial statements released by Hicks hid a funding shortfall. The Star-Telegram said Hicks’ Ballpark Real Estate takes in several million dollars a year in parking revenue near Cowboys Stadium and could be worth an additional $100 million “if Hicks is successful in extorting additional parking revenue from the Texas Rangers’ new owner and the team’s fans.” Hicks spokeswoman Lisa LeMaster labeled the lawsuit’s claims baseless and pointed to a “bizarre flip-flop” by the Rangers’ major creditors, including hedge funds that bought the team’s debt. “We welcome the opportunity to challenge these allegations in court,” LeMaster said. The Rangers filed for Chapter 11 bankruptcy protection in May 2010 while Hicks owned the team after his company defaulted on bank loans. The team was sold in 2010 for $593 million in a bankruptcy auction to a group including Nolan Ryan, the Hall of Fame pitcher.
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| Rangers’ Young reaches 2,000 hits | |||
Michael Young registered his 2,000th Major League Baseball hit as the Texas Rangers claimed a 5-3 victory over Cleveland. Young on Sunday became the 21st active player to achieve the milestone, which he reached with infield singles in the fifth and seventh innings off Indians starting pitcher Josh Tomlin. “It’s special, it really is special,” Young said. “I’m just happy they came here at home in front of the fans. They have been through a lot with me, through good times and bad.” The Rangers were trailing 3-0 in the seventh when Young hit his 2,000th, receiving a standing ovation from the crowd. “It would have been nice if No. 2,000 would have been 500 feet to the opposite field,” Young said. “But at that point, we were losing, and I was just trying to get on base and get something started.” The Indians also applauded, and Tomlin tipped his cap on the mound in acknowledgement of Young’s accomplishment. “I really appreciated that,” Young said of Tomlin’s gesture. “I felt bad for him, I didn’t want him to have to wait a long time. “He’s trying to win a ballgame for his team, so I gave him the thumbs up and said ‘Let’s go.’ The Rangers scored five runs in the eighth so that Young could enjoy his milestone as part of a victory. That’s all for today. Posted in rangers-news | Comments Off
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| Rangers fire hitting coach Bosley | |||
Credit: AP
In this photo taken in 2011, Texas Rangers hitting coach Thad Bosley is shown during spring training baseball in Surprise, Ariz. The AL West-leading Rangers replaced Bosley only two months into his first season with the team. Triple-A hitting coach Scott Coolbaugh was appointed Wednesday, June 8, 2011, to replace him. Bosley was hired last winter after Clint Hurdle left to become manager of the Pittsburgh Pirates. (AP Photo/Charlie Riedel) by Josh Davis
wfaa.com
Posted on June 8, 2011 at 6:09 PM
Updated
Note: There will be no “From the Clubhouse” story today, as the Rangers kept the clubhouse closed until 5:30 p.m. to have a team meeting regarding Bosley’s dismissal. ARLINGTON — The Rangers haven’t struggled to score this year. They rank sixth in Major League Baseball in runs and hits, and fourth in batting average. So it may come as a surprise to some that Thad Bosley, the club’s hitting coach, was relieved of his duties Wednesday. Texas general manager Jon Daniels said the team “felt like the fit wasn’t right” for Bosley in Arlington. “It’s nothing about Thad’s credentials, work ethic or what he did,” Daniels said. “Sometimes the time and place aren’t right, and we felt like that was the case and we felt like a different fit may be better for the club going forward.” The Rangers have appointed Scott Coolbaugh, the hitting coach at Triple-A Round Rock, to be the team’s new Major League hitting coach effective immediately. He is expected to join the club for tonight’s game with the Detroit Tigers. Rangers manager Ron Washington said Coolbaugh was “sharp” and he “didn’t expect the club to miss a beat.” “We felt like we needed to do what was best for us to move forward, and that’s what we did,” Washington said. Daniels said the decision wasn’t made based on any facet of the Rangers’ hitting or individual moment, and Washington said he hadn’t yet had a chance to talk to the players about the change. The skipper avoided a question about his feelings regarding the move, saying he wanted to keep his personal relationship with Bosley out of the discussion. “I think whatever reactions we have, we’ll keep [them] inside the clubhouse,” Washington said. Bosley was in his first season with the Rangers after being appointed as the Major League Hitting Coach in November 2010. Coolbaugh is in his fifth season as a hitting instructor in the Texas organization, and his third at the Triple-A level. Daniels said he expects the same “team-first offense [Washington] has talked about for years” with the players under Coolbaugh’s tutelage. “[Coolbaugh] has a familiarity with a lot of our guys, a familiarity with our program and what [Washington] expects — he’s been in spring training with him for a number of years,” Daniels said. Rangers Minor League Hitting Coordinator Mike Boulanger will assume the hitting coach duties at Round Rock.
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| Baseball. Texas Rangers Snag Mike Mason in 23rd Round | |||
June 7, 2011 HUNTINGTON, W.Va. – Left-handed pitcher Mike Mason was selected by the Texas Rangers in the 23rd round with the 714th overall pick on day two of the Major League Baseball First Year Player Draft. Mason joins fellow southpaw Greg Williams on the Rangers draft board in 2011 and marks the third Thundering Herd player drafted by an American League West squad thus far. Rhett Stafford was picked by the Oakland Athletics a round prior to Mason. Mason served as the Saturday starter for Marshall over the past two seasons and produced a breakout year in 2011. The lefty finished his junior campaign with an even 3-3 record, firing a team-best 78.1 innings with 65 strikeouts. He surpassed the 100-strikeout plateau for his career and collected 157 over the past three years with the Herd. The lefty collected four quality starts as a junior, including a dominating performance against Houston. In the no decision, the Maumee, Ohio native tied a career-high with 7.1 innings, giving up two earned runs, while fanning eight and not walking a batter. Last season, Mason fanned ten batters against Southern Miss, which eventually won the 2010 Conference USA Tournament Championship.
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| Baseball. Texas Rangers Snag Mike Mason in 23rd Round | |||
June 7, 2011 HUNTINGTON, W.Va. – Left-handed pitcher Mike Mason was selected by the Texas Rangers in the 23rd round with the 714th overall pick on day two of the Major League Baseball First Year Player Draft. Mason joins fellow southpaw Greg Williams on the Rangers draft board in 2011 and marks the third Thundering Herd player drafted by an American League West squad thus far. Rhett Stafford was picked by the Oakland Athletics a round prior to Mason. Mason served as the Saturday starter for Marshall over the past two seasons and produced a breakout year in 2011. The lefty finished his junior campaign with an even 3-3 record, firing a team-best 78.1 innings with 65 strikeouts. He surpassed the 100-strikeout plateau for his career and collected 157 over the past three years with the Herd. The lefty collected four quality starts as a junior, including a dominating performance against Houston. In the no decision, the Maumee, Ohio native tied a career-high with 7.1 innings, giving up two earned runs, while fanning eight and not walking a batter. Last season, Mason fanned ten batters against Southern Miss, which eventually won the 2010 Conference USA Tournament Championship.
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| Rangers register rare sweep | |||
The Texas Rangers completed their first four-game sweep in Cleveland in nearly 33 years with a 2-0 victory over the American League Central-leading Indians on Sunday. There is the quick update of the day. Posted in rangers-news | Comments Off
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