Rangers Sale Going Through?

Not that anyone cares that much, but the Rangers are about to do some strange voluntary bankruptcy which will allow Tom Hicks creditors to be paid (I think. Edit: Someone is going to get ripped off.) There is a press conference at 1:00 or so and someone has already used the line, "Prepare for your eyes to glaze over."

But the Morning News did post the above factoid a second ago which is pretty amazing.

Edit: These boys think A-Rod will on see pennies on the dollar as an unsecured creditor.

Edit: Disregard that. As a commenter pointed out, the Player's Union is too strong to let that happen. The new buyers had agreed to payout any player's deferred money. Bottom line: Some creditors are getting screwed if this goes through. Tom Hicks should be ashamed. Woefully ashamed.