Chuck Greenberg Out as CEO of Texas Rangers

The Dallas Morning News is reporting that Texas Rangers managing general partner and CEO, Chuck Greenberg, could resign from his position today. The resignation would come just seven months after Greenberg, and Hall of Fame Pitcher Nolan Ryan, purchased the team for $590 million.

No official word yet on why Greenberg would be leaving the Rangers. Some speculate that it could have something to do with how Greenberg and Ryan are different in their style or running the front office.

Greenberg and Ryan acquired the team after a long bidding war with Dallas Mavericks owner, Mark Cuban. Greenberg and co. beat out 12 other potential bidders and were unanimously named the new owners of the Rangers by the MLB.

No word yet on when the announcement will come and why, but we will continue to keep a close eye on the story as it develops.