Texas Rangers In Financial Trouble?

From MLBTradeRumours via Yahoo Sports

Yahoo’s Gordon Edes reports that the Rangers borrowed millions from MLB and will continue to receive financial assistance from the league until owner Tom Hicks finalizes the club’s sale. Edes’ source says the Rangers borrowed less than $15MM.

Hicks isn’t expected to sell the club before the end of the season, so the Rangers will have trouble adding salary at the deadline and could struggle to sign their top draft picks.

Shouldn’t this be a bigger news story? The Rangers might not be able to sign their draft picks? Well they certainly won’t be able to pay them money out of slot since it’s Bud Seligs money (and that’s one of his big pet peeves.) This clearly affects them at the deadline. As a contender they are one of the teams that will be looking to add parts but finances are clearly going to hamper them. Jaarod Washburn would look nice in their rotation but is his $9 million dollar price tag prohibitive?

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