Who Owns The Texas Rangers Baseball Team?

The Texas Rangers baseball team is currently owned by a group of investors led by Neil Leibman and Ray Davis.

The History of the Texas Rangers

The Texas Rangers are a professional baseball team based in Arlington, Texas. The Rangers franchise was founded in 1961 as the Washington Senators, an expansion team awarded to Washington, D.C., after the city’s first American League (AL) club, the second Washington Senators, moved to Minneapolis–Saint Paul and became the Minnesota Twins.

The Early Years

The first Rangers were formed in 1823 as part of the Texian Army during the fight for independence from Mexico. After the war, the Rangers were disbanded but reformed in 1835 to help protect settlers from Native American attacks. In 1846, the Rangers were once again disbanded, this time due to budget cuts.

The Rangers were reformed yet again in 1849 and given the task of protecting settlers from outlaws and hostile Native Americans. Over the next several years, the Rangers became well-known for their skill and legend began to grow. In 1860, the Rangers were once again disbanded due to budget cuts.

The American Civil War began in 1861 and, in 1862, a company of Texas Rangers volunteered to serve in the Confederate Army. The following year, another company of Rangers joined the Union Army. Meanwhile, back in Texas, Ranger companies were formed to help protect against raids by both Union and Confederate soldiers.

After the Civil War ended in 1865, the Texas Ranger Force was once again reorganized. This time they were divided into six companies and stationed along the Mexican border to help control border disputes and stop cattle rustling.

The team’s first owner

The Texas Rangers baseball team has a long and storied history, dating back to its formation in 1961. The team’s first owner was oil tycoon Robert Smith, who purchased the team for $9 million. Smith quickly assembled a competitive team, led by future Hall of Famer Mickey Mantle. The Rangers made it to the playoffs in their first season, but were swept by the New York Yankees.

Smith continued to invest in the team, building a new stadium and signing high-profile players like Nolan Ryan and Pete Incaviglia. The Rangers made it back to the playoffs in 1996 and 1998, but were again unable to advance past the first round. In 1999, Smith sold the team to Tom Hicks for $250 million.

The team’s first Major League season

In 1972, the Rangers began play as the expansion Washington Senators, named after the previous Washington Senators, which moved to Minneapolis–Saint Paul and became the Minnesota Twins after the 1960 season. The overexpansion of baseball led to realignment after the 1971 season, when the American League added two more teams, resulting in the formation of three five-team divisions (East, West and Midwest). The Senators were placed in the newly created American League West division.

The Rangers played their first game on April 15, 1972 against the California Angels and won 5–1 behind a complete game by starter Mike Cuellar. The next day, Blue Moon Odom also pitched a complete game as the Rangers defeated California 3–2. After dropping their next two games to Californa, the Rangers won nine in a row on their way to a 98-win and first-place finish in their maiden season. They also became only the second team since 1900 to go from last place one year (1971 with expansion Washington) to first place in their inaugural season in a non-strike year (1972).

The Current Ownership of the Texas Rangers

The Texas Rangers are a Major League Baseball team that is currently owned by a group of investors led by Ray Davis and Bob Simpson. The team was previously owned by Tom Hicks, who had owned the team since 1998. The Rangers were first put up for sale in 2010, but Hicks was unable to find a buyer willing to meet his asking price. In 2011, the Rangers went into bankruptcy and were sold to a group of investors led by Davis and Simpson.

The current majority owner

The current majority owner of the Texas Rangers is Robert Castellini, who became the controlling owner in 2005. Castellini also is the majority owner of the Cincinnati Reds. Other members of the ownership group include Neil Deere, Ronald Perelman, Ray Davis, Richard Rainwater and Fortress Investment Group.

The current minority owners

The current minority owners of the Texas Rangers baseball team are Ray Davis and Bob Simpson. Ray Davis is the managing partner and CEO of Energy Transfer Partners, a Fortune 500 natural gas and propane company. He is also a former co-owner of the Texas Rangers. Bob Simpson is the chairman and CEO of XTO Energy, Inc., a natural gas company that was acquired by ExxonMobil in 2010. He is also a former co-owner of the Texas Rangers.

Why the Texas Rangers Are Important to Major League Baseball

The Texas Rangers are a professional baseball team that competes in the American League West Division of Major League Baseball. The team is based in Arlington, Texas, and has been in existence since 1961. The Rangers are important to Major League Baseball because they are one of the most successful teams in the league.

The Rangers are one of the most valuable teams in baseball

The Texas Rangers are one of the most valuable teams in baseball, with a net worth of $1.6 billion as of 2019. The Rangers are also one of the most popular teams in baseball, averaging nearly 3 million fans per season over the last 10 years.

The Rangers are important to Major League Baseball for several reasons. First, the Rangers are one of only two teams in baseball that play in a major market (Dallas-Fort Worth) that is not served by another major league team (the other team is the San Diego Padres). This gives the Rangers a unique market share in one of the largest metropolitan areas in the United States.

Second, the Rangers have been one of the most successful teams on the field over the last decade, winning five division titles and two American League pennants since 2010. The Rangers’ success has helped to fuel interest in baseball across Texas and throughout the Southwest.

Third, the Rangers generate a significant amount of revenue for Major League Baseball through television rights fees, ticket sales, and merchandise sales. In 2018, Forbes estimated that the Rangers generated $183 million in revenue for Major League Baseball. This is an important source of revenue for baseball’s central office, which uses this money to fund operations and support various initiatives across all 30 teams.

Fourth, the Rangers are home to one of baseball’s most iconic players, reliever/designated hitter Nate Adamski. Adamski has been with the Rangers since 2001 and is widely regarded as one of baseball’s best hitters, posting a .305/.395/.543 career slash line with 1,176 hits and 1,323 RBIs. Adamski is also popular among Ranger fans for his charitable work off the field, including his support of various children’s charities.

Finally, the Rangers are an important part of Major League Baseball’s history. The team was founded in 1961 as part of MLB’s expansion into new markets following the success of 1958’s “The Boys of Summer” Brooklyn Dodgers. The Rangers were originally known as the Washington Senators before moving to Arlington, Texas prior to their inaugural season. The Senators/Rangers franchise has won two World Series titles (in 1969 and 2010), making them one of only four teams currently in MLB to have won multiple championships since 1961 (along with the New York Yankees, Los Angeles Dodgers, and Boston Red Sox).

The Rangers have a large and loyal fan base

The Texas Rangers are a Major League Baseball team that has been in existence since 1961. The team is based in Arlington, Texas, and their home field is Globe Life Park in Arlington. The Rangers are a member of the American League West division.

Over the course of their history, the Rangers have had some success, but have never won a World Series. They have made it to the World Series twice, in 2010 and 2011, but lost both times. In 2010, they lost to the San Francisco Giants, and in 2011, they lost to the St. Louis Cardinals. Despite this lack of success, the Rangers have a large and loyal fan base that continues to support the team.

The Rangers play in one of the best stadiums in baseball

The Rangers play their home games at Globe Life Park in Arlington, which is widely considered to be one of the best stadiums in baseball. The stadium features a retractable roof, which protects fans and players from the hot Texas sun. It also has a spacious concourse, great sightlines, and a wide variety of food and drink options.