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Rangers' bankruptcy plan approved

Updated: August 6, 2010, 11:06 AM ET
ESPN.com news services

FORT WORTH, Texas -- The Texas Rangers got approval Thursday to exit federal bankruptcy protection, an anticlimactic end to one of the most contentious sales of a professional sports team.

The hearing on the team's reorganization started just eight hours after a courtroom, in the wee hours of Thursday morning, erupted in raucous cheers when Hall of Fame pitcher Nolan Ryan's group won the bidding war for the Rangers in a marathon auction with Dallas Mavericks owner Mark Cuban.

The sale ...

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