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10/23/10 1:33 AM ET

Rise and Fall (Classic) of Greenberg's tenure

In short time, owner moves from sale to World Series berth

ARLINGTON -- Three months ago, Chuck Greenberg was spending his days in bankruptcy court.

He had formed a powerhouse group of investors to buy the Rangers, but the deal was being held up by those lending institutions holding the debt on Hicks Sports Group. An auction was being scheduled. Mark Cuban and Jim Crane were threatening to snatch away the franchise.

That is all a distant memory. On Friday night, Greenberg joined club president Nolan Ryan, general manager Jon Daniels and manager Ron Washington on the podium to accept the American League championship trophy.

"Even back then, I always kept saying that we always believed what was possible," Greenberg said. "That's what kept us going. We couldn't throw in the towel, because we always believed what was possible. It's even more amazing to see what you believe in come to fruition."

It did just that when the Rangers wrapped up the AL Championship Series with a 6-1 victory over the Yankees, who were the defending champions in pursuit of their 28th World Series title.

Now Greenberg, a Pittsburgh sports attorney who had done all the work in putting together the new ownership group, was receiving congratulations from the famous family that owns baseball's most successful franchise.

"On behalf of the New York Yankees, I want to congratulate the Texas Rangers, Chuck Greenberg, Nolan Ryan and their entire ownership, staff and organization on winning their first American League pennant," Yankees managing general partner Hal Steinbrenner said in a statement. "They played liked champions, and we wish them the best of luck representing the American League in the World Series."

Greenberg and his group have officially been owners for only two months. But Greenberg has been around this team for 18 months, working through an incredible maze of legal and financial issues trying to complete the sale.

Now, he has to get his franchise ready for a World Series.

"I'm just moved to the core, because this means so much to so many people," Greenberg said. "I'm just so happy for the fans who have waited so long and the players who played so well, and so many in the organization and front office who hung in there during the uncertainty."

The Rangers are now AL champions. With four more wins, they could be the World Series champions.

"I'm just so proud of the whole organization -- Ron Washington, the coaching staff, the players, the scouts, all our development people," Daniels said. "They put a lot of work into this. This is not the ultimate goal, but they should stand back and enjoy this. They worked hard. They deserve it."

The World Series opens on Wednesday at 6:30 p.m. CT in the National League city. The first World Series game at Rangers Ballpark in Arlington will be Game 3 at 5:30 p.m. on Sat., Oct. 30. The Rangers still have to wait and see if it will be the Giants or the Phillies.

"It's going to be great," Greenberg said. "I don't know whether it will be the Giants or the Phillies, but they haven't seen anything quite like what they're in for."

T.R. Sullivan is a reporter for MLB.com Read his blog, Postcards from Elysian Fields and follow him on Twitter @Sullivan_Ranger. This story was not subject to the approval of Major League Baseball or its clubs.