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08/12/2010 - New York, NY (Sportsbook Betting Lines) - Major League Baseball has approved the sale of the Texas Rangers from Tom Hicks to a group led by Chuck Greenberg and Nolan Ryan.
The lengthy process finally came to a close Thursday after the Greenberg-Ryan group prevailed in an auction last week to purchase the club out of bankruptcy.
Ryan and Greenberg outbid the tandem of Dallas Mavericks owner Mark Cuban and Houston businessman Jim Crane. The winning bid was $593 million, topping the Cuban-Crane reported offer of $581.2 million.
"I am very pleased that Chuck, Nolan and their impressive ownership group have been approved as the new leadership of the Texas Rangers franchise," said MLB commissioner Bud Selig. "Chuck and Nolan have demonstrated an unwavering commitment to the Rangers. Their passion for Major League Baseball as a whole and particularly the future of baseball in Texas is exemplary."
Greenberg, a Pittsburgh attorney, will serve as the new ownership's control person, while the legendary Ryan will remain as the club's president.
"I can't tell you how excited we are to complete our purchase of the Texas Rangers," commented Greenberg. "It's been a long journey, but well worth the wait. We believe that this franchise belongs to all of its fans, and we pledge to be passionate in all we do to bring you the very best on and off the field."
Ryan and Greenberg had reached an agreement on January 23 to purchase the team and the land around the Ballpark in Arlington for $575 million. The Rangers filed for bankruptcy in May, but the lenders who hold the debt on Hicks Sports Group ultimately objected to the sale with the belief that the team could fetch more money.
"In addition, I want to thank the Rangers' fans for their patience throughout this difficult process," Selig added. "I am confident that Chuck, Nolan and the entire ownership group will serve as dedicated stewards of this club by building a long-term, stable franchise which values its standing in the Dallas-Fort Worth communities. I am glad that the Rangers' great season on the field will get the attention it deserves during the pennant race."
The Rangers are 65-48 and lead the American League West by 7 1/2 games over the Angels.
"We can now turn our full attention to continuing what has been a great season on the field," said Ryan. "We thank the fans and the community for their tremendous loyalty and support and we look forward to the excitement as we head down the stretch and into October."
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MANKATO, Minn. (AP) -Vacationing Sen. Al Franken has a few things to say about his beloved Minnesota Vikings.Franken says he expects Brett Favre to be the quarterback again this season. He believes the team should have a new stadium built. Oh, and h
UConn G Doty to miss 2010-11 season with ACL tear >>
Storrs, CT (Sportsbook Betting Lines) - Connecticut junior guard Caroline Doty will
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Huskies went undef
Jets, Revis will keep talks confidential >>
Cortland, NY (Sportsbook Betting Lines) - The New York Jets and holdout cornerback
Darrelle Revis will keep the remainder of their contract negotiations
confidential.
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Dolphins sign Hobbs >>
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Kevin Hobbs and guard Ray Feinga.
Hobbs has appeared in 34 games with Seattle and Detroit over the past three
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Capello: Beckham too old for England >>
London, England (Sportsbook Betting Lines) - England coach Fabio Capello has signaled
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Major League Socce
Is there such a thing as a trap game in the NFL?
I once asked that question to Pete Korner, who at the time was office manager and a senior linesmaker for Las Vegas Sports Consultants.
Korner almost ripped my head off. There is no such thing as a trap game, he loudly berated me. It’s a myth. The numbers are made using power ratings, he said.
There are trap games, though. They just might not be what you think. The perception is of a good team, say Philadelphia, laying a small number against New Orleans.
Using the highly-respected power ranking from The Gold Sheet, you’d find the Eagles with a power rating of 4 and the Saints at 8. When you factor the game being played in New Orleans, you could see why the line opened so short at less than a field goal.
For some, this makes it enticing to take the Eagles. That’s not a real trap game, though.
A real trap game, says professional gambler Dave Malinsky, is thinking you’re getting value betting a bad team, which brings us to the Oakland Raiders-Denver Broncos matchup.
The Raiders are +15 in this long-standing division rivalry. Denver is on a short week having dispatched Baltimore Monday. However, the Raiders haven’t covered the spread their last 10 games.
Many bettors don’t trust the Raiders to give a full effort. Few think much of Art Shell and his Oakland’s coaching staff.
So oddsmakers have to do something to make Oakland attractive if they hope to get equal action.
Now Malinsky is a value shopper. But he won’t touch the Raiders even getting more than two touchdowns.
“I try to eliminate the undisciplined, unfocused teams because they’re the ones most likely to suffer the bad beats,” he said.
Near the top of Malinsky’s list of stay-away teams is the Miami Dolphins, who have yet to cover a spread this season.
“Whatever you think of Nick Saban, you have to look at the penalties and turnovers,” Malinsky said.
It’s easy to point out the Dolphins failed to get the money this past week against New England because Olindo Mare missed a field goal and had another field goal blocked. But even though the Dolphins outgained the Patriots, 283-213, they committed eight penalties.
Bad teams not only cost themselves victories, but pointspread covers as well. The Arizona Cardinals and Green Bay Packers are two more examples.
The Cardinals couldn’t have been in a better position this past Sunday, up 14-0 at home against a mediocre Kansas City Chiefs squad. But they couldn’t hold it. The Packers got a push against St. Louis, but also could have won losing by three when Brett Favre fumbled at the St. Louis 11-yard line with 44 seconds left.
“The Packers were in a position to beat Philadelphia, too,” Malinsky said. “But they couldn’t even cover double digits.
“These teams just make mistakes and it costs you … they always will look good from a value standpoint. They really will. But that’s the trap.”
Houston and Tennessee rank among the six-worst teams. Malinsky wouldn’t be afraid to take either of these teams, however, if the price were high enough.
The Texans are bad, Malinsky said, but they have some discipline. The Titans showed they could not only come up with an outstanding game plan, but execute it as well, losing by one to the Colts on the road as an 18 ?-point underdog this past Sunday.
“Jeff Fisher is a worker,” Malinsky said of the Titans coach. “I’m not sure how hard Art Shell wants to work when he gets out of bed.”
Fisher, though, could be out as Tennessee coach after this season. Is he still worth backing in the right spot, with the right price, as a lame duck coach?
“It’s in his nature to keep working hard and not worry about any possible lame duck status,” Malinsky said. “He’s coaching for his resume.”
Note: Monday night game will be picked Monday. Lines used are from football betting lines.
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