Want To Win The Texas Rangers Auction? Better Have Over $300 Million To Bid

The Texas Rangers auction is exactly what it sounds like: ownership of the baseball team is being auctioned off to the highest bidder. It’s the first time a Major League Baseball team has gone bankrupt and had to be sold since 1993, when the Baltimore Orioles were sold to the highest bidder.

And this is no minor-league auction: the Associated Press reports that submitted bids are required to be over $320 million. Click through our slide show for what you need to know about one major auction.

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Images:
Texas Rangers Logo: pspthemes.net
Mark Cuban: flickr.com/mil8
Nolan Ryan: flickr.com/mxtx
Texas Rangers: flickr.com/richanderson
A-Rod: flickr.com/keithallison

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