Texas Rangers Play Ball in Bankruptcy Arena — Part II — American Bankruptcy Institute Journal

Part I discussed the early innings of the Rangers bankruptcy case. Another article appeared in the September 2010 issue of the Journal on the potential conflicts between the goals of professional sports leagues and the Bankruptcy Code with regard to the sale of a professional sports franchise, and reviewed these potential conflicts in the context of the Rangers’ and the Phoenix Coyotes’ bankruptcy cases. In this article, the authors will focus on the novel corporate governance issues addressed in the Rangers bankruptcy case. Let’s first examine the line-up.