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06/25/10 7:29 PM ET
Judge backs off delay of sale hearing
By T.R. Sullivan / MLB.com
ARLINGTON -- Judge Michael Lynn has granted the Rangers request to have their bankruptcy hearing moved to the original date of July 9.
Lynn handed down the ruling on Friday in U.S. Bankruptcy Court for the Northern District of Texas. On Thursday Lynn pushed back the hearing to July 22 but the Rangers argued that the extra two weeks would jeopardize the possibility of the sale being completed by the July 31 trade deadline.
Lynn also set July 6 as the date for mediation between the Rangers and the lenders who hold the debt on Hicks Sports Group.
A group headed by Pittsburgh attorney Chuck Greenberg and club president Nolan Ryan agreed to purchase the Rangers on Jan. 23 for $575 million. But the lenders are trying to block the sale.
Lynn told all parties at Friday's hearing that the case will be decided according to the law and not's what's best for any individual parties.