Major League Baseball could take control of the Texas Rangers to prevent the club from filing for bankruptcy. According to a MLB report, the league has a rule known as the "best interests of baseball" rule, which would allow MLB to take control of the team and facilitate a sale. 

 

The concern is that creditors of the team's current ownership group may file an involuntary bankruptcy petition against the ownership group. If such an involuntary bankruptcy occurred, the creditors could take control of the ball club.

 

If your company is being forced into an involuntary bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100.