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Cuban made more from Rangers than Ryan

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07:21 AM ET 10.21 | When it comes to investing, it should come as little surprise that Mark Cuban again came out on top of a profit. Back in 2010 the Texas Rangers were being auctioned in bankruptcy court because owner Tom Hicks had defaulted on debt payments. Hall of Fame pitcher Nolan Ryan was part of one of the final two groups bidding for the baseball team, and Dallas Mavericks owner Cuban was leading the other group. Ryan's group won with a $593 million bid. ... [But Ryan] is going to lose money on his investment because his ownership interest in the Rangers decreased when he did not make capital calls to fund the team's losses. Meanwhile, Cuban made a big profit from not buying the Rangers because before he joined the bidding process he bought debt tied to the team.

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Nolan Ryan, US Presswire Nolan Ryan, US Presswire
Comment #1 has been removed
October 21, 2013  10:23 AM ET

I suspect they both made money. Nolan Ryan was never using his money to begin with. He was a front for a " group." Jeesh!

October 21, 2013  12:06 PM ET

I really think Houston needs to give Jeff Luhnow time to see if he can work the same magic in Houston that he worked for the Cardinals farm system. Bringing someone in from the outside might be disasterous at this point. It will take at least five more years to start seeing substantial results. You can't build an etire system in a short period of time.

October 21, 2013  01:30 PM ET

Of course he did, Cuban is a financial sharpie and Ryan is a doofus. Nolan is still sitting on a million shares of Enron waiting for the inevitable upswing.

 
October 21, 2013  01:41 PM ET

Nolan has all his dough stashed away in the bottom of that ALCS trophy. That's why he has his left hand underneath it so it doesn't all spill out.

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