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Nolan Ryan's group set to complete purchase of Rangers

Baseball Betting Lines

05/24/2010 - Arlington, TX (Sportsbook Betting Lines) - The sale of the Texas Rangers to a group that includes current team president Nolan Ryan is expected to be completed by the middle of the summer.

Ryan and Chuck Greenberg, a Pittsburgh attorney, announced a plan that will allow the sale to be achieved through a voluntary, "prepackaged," court- supervised process under Chapter 11 of the U.S. Bankruptcy Code. The proposal will fully pay the lenders of the current ownership group led by Tom Hicks.

The sale price of approximately $575 million includes the team, the lease of the Rangers Ballpark in Arlington and a separate sale of land around the stadium.

"Since 1998, our family has taken great pride and joy in our association with the Rangers," said Hicks, who will be Chairman Emeritus of the Rangers. "We are proud to play an active role in resolving the deadlock in this complex sale process. Rangers fans deserve management's full focus on baseball operations, and Nolan, Chuck and their colleagues will be outstanding stewards of the Rangers. We stand ready to support them in every way possible, and as huge fans we will continue to cheer the Rangers on to the ultimate goal of a World Series championship."

The Rangers are currently 25-20 this season and sit atop the American League West standings.

"Our goal is to move forward with our plan to create a long-term record of success and championships," said Ryan, who will continue to serve as Rangers president. "We will achieve that by being active in the player acquisition market as well as our ongoing commitment to develop players through one of the league's best farm systems."

The sale is expected to have no impact on the team's baseball operations and the Hicks group will maintain control of the club until the process is completed.

"This plan to complete the sale of the Texas Rangers serves the best interests of the team, its fans, MLB and all other parties involved," said Baseball commissioner Bud Selig. "This agreement assures an orderly process to expeditiously transfer Rangers ownership to the Greenberg-Ryan group, and it protects the franchise's baseball operations. Rangers fans can have confidence that their team has the resources it needs to compete. Clearly, this could not and would not have happened without Tom Hicks' leadership and hard work over a long period of time."

The Rangers have been owned by Hicks since June of 1998. He was criticized for signing Alex Rodriguez to a whopping 10-year, $252 million contract prior to the 2001 season. A-Rod was traded to the New York Yankees three years later.

On the field, the Rangers haven't made the playoffs since the 1999 season and have yet to win a postseason series in the team's history.

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MySportsbook.com favors Bears, Bengals, Chargers and Colts to remain perfect

LAS VEGAS , Sept. 28 - Two big match-ups of undefeated teams have fans salivating at the Week Four schedule in the NFL. The Chicago Bears stifling defense looks to provide a less than hospitable welcome to the Seattle Seahawks on Sunday night in a battle of two 3-0 teams in the NFC conference. In the AFC, the San Diego Chargers (2-0) head to Maryland to face the surprising Baltimore Ravens (3-0) as both try to keep pace atop the conference standings. Betting Lines makers at MySportsbook.com, online sportsbook and casino, have set the Bears as 3.5 point favorites while the Chargers are a 2.5 point bet.

Of the three remaining undefeated teams, only one, New Orleans, enters this week's game as an underdog. Despite an emotional and resounding win over Atlanta on Monday night, the Saints are a 7.5 point underdog against the struggling Carolina Panthers. Indianapolis looks to stay perfect when they face the New York Jets as a 9 point road favorite while the Cincinnati Bengals are a 6 point favorite at home to the New England Patriots.

Six teams enter the week still looking for their first win, with a seventh, Tampa Bay, on a bye week. The prospect of dropping another game would not bode well for a potential playoff run. Since 1990, just three teams -- the 1992 Chargers, 1995 Detroit Lions and 1998 Buffalo Bills -- have overcome losing their first three games of the season to earn a postseason berth. And only the Chargers managed to accomplish the feat after starting 0-4.

To visit this online sportsbook got to MySportsbook.com for all your NFL football betting needs.

Elite 8 NCAA Tournament Betting at online sportsbook MySportsbook.com

In what should be an outstanding Saturday of March Madness betting action, the top four teams in the South and West Regions square off in what should be extremely close match-ups. Three of the four teams are coming off extremely close games on Thursday evening, only UCLA won semi comfortably over Pitt 64-55.

Ohio State is coming off their second game in a row where in all reality they should have lost. Of course that doesn’t matter now since the name of the game is “survive and advance” but as the tournament continues, they can’t afford to keep getting down to their opponents early. Kansas also avoided a scare by holding off a scrappy Southern Illinois squad. In the third thrilling game of the evening Memphis pulled off the minor upset (+3.5) despite being the higher seed to Texas A&M.

Although the spreads are fairly small for Saturday’s games, MySportsbook.com continue to bet against the underdogs. Despite OSU’s two scares, 86% of the “betting public” feels the Buckeyes (-1.5) have what it takes to make the Final Four. In fact, so much of the early money is on OSU that the line has already moved from -1 to -1.5. In the second game of the doubleheader, Kansas and their high-powered offense are 2 point favorites as they take on UCLA and their effective defense. About 63% of the early money thus far is once again backing the favorites. If those percentages stay that high, don’t be surprised if this line moves as well. If you like Kansas (-2) you might want to jump on it early.

Memphis vs. Ohio State

Both squads were involved in thrillers on Thursday evening and should come out fired up. OSU can ill afford to get behind early like they did versus their previous two opponents (Xavier, Tennessee). Greg Oden needs to stay out of foul trouble; the Buckeyes are a completely different team when he is on the court. Memphis definitely has the athleticism and length to match-up with OSU. Of Memphis’ five leading minute earners, the shortest of the bunch is 6’5”. Each team has a very effective defense; Memphis surrenders 62.3 PPG whereas the Buckeyes give up only 61 PPG. With those type of numbers, it isn’t surprising that Memphis covered the UNDER almost 69% of the time this season. As a favorite, OSU has covered the UNDER almost 66% of the time over the last three seasons. The major concern for Memphis which is magnifies this time of the year is their brutal foul shooting (62%). This season, OSU is 17-11 ATS versus teams with a winning record and 7-2 ATS in all tournament games. Memphis has been an extremely reliable cover in tournament play in recent years with a 23-8 ATS record over the last three seasons.

UCLA vs. Kansas

In the second game of Saturday’s doubleheader, UCLA will play in a role which they are very unfamiliar with that of the underdog. Only twice this season have they been getting points from the handicappers and both times they covered. Over the last three seasons UCLA is a reliable 23-7 ATS in this unfamiliar role. UCLA has not fared well against Big 12 opponents recently going 1-7 ATS since 1997. Giving up only 59.6 PPG, UCLA will definitely look to do what they do best: keep this game as low scoring as possible. Their defense has been especially tough during the tournament. UCLA opponents have been able to muster up only 48.7 PPG while shooting a combined 34.5% from the field. UCLA definitely has a challenge at hand with a Kansas team that is capable of putting points on the board in bunches. As a team, they average 79 PPG and shoot an impressive 49.6% from the field and 39.4% from beyond the arc. During the tournament Kansas has been “lights out” from the field having shot 56.2%.

With Friday -105 juice on Basketball betting, MySportsbook.com is the place to bet on all of the “March Madness” action.  Don’t forget to monitor who the public is backing at MySportsbook.com’s “Betting Trends”.  By doing so, you have the best chance of predicting a possible line change, thus getting the best value for your wager.

To bet on March Madness games this online sportsbook accepts credit cards