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06/22/2010 7:39 PM ET
MLB statement regarding Rangers decision
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Major League Baseball issued the following statement today following the decision of Judge D. Michael Lynn in the Texas Rangers bankruptcy case:

"We are encouraged that Judge Lynn ruled that the Texas Rangers do not need to seek the maximum value for the team in the current bankruptcy case. We also remain confident that the procedure to be put in place to evaluate the plan previously submitted to the court for the sale of the team will permit the sale on a timely basis to the team's chosen bidder, the Greenberg-Ryan Group."

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