Updated May 24, 2010 2:39 PM ET ARLINGTON, Texas (AP) The Texas Rangers filed for Chapter 11 bankruptcy protection on Monday in hopes of getting its $575 million sale to a team of investors cleared by midsummer.
The 21-page filing in U.S. Bankruptcy Court in Fort Worth, included a list of unsecured creditors headed by Alex Rodriguez, who's owed $24.9 million in deferred compensation six years since he was traded away from the team.
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