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Nolan Ryan group wins Rangers auction

Updated: August 5, 2010, 10:32 AM ET
ESPN.com news services

FORT WORTH, Texas -- An investment group led by Hall of Fame pitcher and Texas Rangers president Nolan Ryan won a contentious and unusual auction for the team early Thursday, beating back a nearly $600 million offer from outspoken Dallas Mavericks owner Mark Cuban.

Officials in federal bankruptcy court announced the winning bid to cheers and a standing ovation in the packed courtroom, shortly before 1 a.m. CT and some 10 hours after the auction began.

The group led by Ryan and Pittsburgh ...

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