Apparently buying a baseball club is like Poker
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Apparently buying a baseball club is like Poker

by James 4. August 2010 12:01

The Rangers

It’s been said by experts that when a couple of millionaires come to Ford Sorth federal courthouse on Wednesday to start the bidding on the Texas Ranger baseballs club, it’ll be just like a high stakes poker game.

"It's like poker," said Dallas lawyer William Siegel. "It's very much like a poker game."

And just like a poker game, Nolan Ryan and Chuck Greenberg will have the opening bid.

Bankruptcy judge D. Michael Lynn who is presiding over the case has set the rules that whoever bids will have to up the ante by around $15 million over the offer.

"It's a lot of strategizing," Siegel said. "It may not go up 15 (million dollars). It may go up 30."

Any baseball fan knows the game is happening as much in the dugouts as on the field.  And in the auction process, it's the same. Be prepared for possible backroom deals to cause surprises in the courtroom.  Especially when its time for someone to go all in.

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