The Dallas Stars, the bankrupt National Hockey League team, won court permission to sell itself at an auction in which hotelier Tom Gaglardi may compete with lawyer Chuck Greenberg, a former co-owner of the Texas Rangers.
Chuck Greenberg, former chief executive officer and co-owner of the Texas Rangers baseball team, may seek to purchase the bankrupt Dallas Stars of the National Hockey League, a lawyer said today in court.
The Texas Rangers and lenders opposing a proposed sale of the Major League Baseball team agreed on the selection of a chief restructuring officer who may decide whether the $575 million deal will go forward.
Blockbuster Inc. , accused by Summit Distribution LLC of being unable to pay $1.6 million owed for DVDs of “The Twilight Saga: Eclipse,” should liquidate, the creditor of the bankrupt movie-rental chain said.
The Texas Rangers will draw on a $21.5 million loan from Major League Baseball to finance operations while the team arranges a bankruptcy sale, and not financing from secured lenders who oppose the planned sale.
Creditors including billionaire Carl Icahn and Monarch Alternative Capital LP are targeting Blockbuster Inc. , the bankrupt movie-rental company, in a possible buyout for less than $300 million, a person familiar with the matter said.