The auction process cost Greenberg/Ryan an additional $83M in order to purchase the team. Their original winning bid, months ago, was $502M. Final winning bid (including assumption of $200ish Million of existing Rangers' debt) is $585M.
Note: throughout the day, opposing attorneys have not been shy about directing bitter profanity at each other. This bitter contest would make a good book or movie. Re the tweets: start at the bottom and work up...
Update: More tweets (start at bottom and work up)
Congrats chuck and nolan. Go Rangers !
Chuck Greenberg: it was a lot of money but we're still going after Cliff Lee.
A happy Chuck Greenberg. http://tweetphoto.com/36918599
Nolan Ryan said it was time for someone to say uncle.
the court room erupted in applause. congratulations to chuck greenberg and nolan ryan
its over!! cuban just through in the towel!
Cheeers erupt in courtroom with standing ovations all around.
If I'm lying, I'm frying and I want Lauria to defend me.
less than 20 seconds ago via TweetDeck
Don't know what it means but I saw it and heard it.
half a minute ago via TweetDeck
Crane just shook Nolan's hand and said Congratulations we're done.
less than a minute ago via TweetDeck
cuban is taking 10 minutes
1 minute ago via mobile web
The money in hand right now from Greenberg is worth more than Cuban money.
2 minutes ago via TweetDeck
The Greenberg bids can be less because of present value of money. They can close bid now.
3 minutes ago via TweetDeck
greenberg just went to $385 mln. presuming they are factoring in cuban has to be about $25 mln over greenberg
5 minutes ago via mobile web
Cuban group wants 10 minutes to assess its next bid.
5 minutes ago via TweetDeck
We are back in session. Greenberg group just bid $385 million cash money for #Rangers.
8 minutes ago via TweetDeck
50 stunning examples of animal photography http://tinyurl.com/28cj3s2
11 minutes ago via API
greenberg's lawyer says only needs 5 minutes to respond to latest offer
19 minutes ago via mobile web
We could have another bid in about five minutes. Greenberg didn't need the 30. Said five.
20 minutes ago via TweetDeck
The Cuban bid for the #Rangers right now could total somewhere in the $610 million neighboorhood. But the pressbox wireless is still bad.
21 minutes ago via TweetDeck
now sal is a hero to them. total price is now at $588 mln, $68 mln more than original deal. lenders look smart right now
22 minutes ago via mobile web
sal galatioto is a happy man. last night he killed a lender deal with greenberg for $361 and they threatened to sue him
23 minutes ago via mobile web
We just had a bid of $390 million from Cuban and a cut of the $12 million escrow.
25 minutes ago via web
cuban and crane just bid $390 mln and cut their escrow.
25 minutes ago via mobile web