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With the Texas Rangers current financial distress it seems odd that a club having been bailed out by the MLB for a substantial amount, reported around $15 million, would still be spending like they have money to burn.

In looking to perhaps sell controlling stake it makes sense that the Rangers would continue to advance the prospect of the team for a potential buyer but even as Rangers president Nolan Ryan had stated, “Just because of the process it takes, I don’t expect to see anything happen during the course of the season. If there’s an ownership change, I think it’ll be in the offseason or the spring. That’s just my expectation,” it doesn’t seem to be the time or place for these decisions.

“If we have something that would be beneficial, we would bring it to Tom [referring to Rangers owner Tom Hicks],” Ryan said of trade offers referring to at least $2.5 million to sign two prospects, both of which would not be confirmed until the players pass physicals, despite financial trouble. “There haven’t been any restrictions put on us.”

But Texas Rangers owner whom is responsible for the team and its financial situation, commented on his stance towards the banks which his loans have defaulted saying, “They need to understand that these important assets must be managed with a long-term perspective and a commitment to winning. That’s in the best interest of the franchises, our employees and certainly our fans.”

The supposid selling of an equity position in the team and attempting to cut costs seems like a generalization compared to the reality of how baseball clubs and sports orgonizations in general probabl feel. There are far too many things these institutions get away with an profit from, expecting the cities tax payers to ultimetly bail them out.

“It has not affected us, with the exception that we let two baseball office employees go, which is always not a pleasant deal,” General manager Jon Daniels said of the team’s finances. “Outside of that, it has not changed how we do business, it did not affect how we approached the draft and it did not affect how we approach international free agency.

With that being said, nothing has generally changed, and nothing will, yet In early April Hicks Sports Group had $515 million in loans that it defaulted on. Soon it will become apparent just how this substantial monies will need to be made good upon all while keeping in accordance to the MLB debt-service rule.