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| Bankruptcy Attorney Derek Rollins says Despite On-Field Success, Rangers Must Watch Spending |
| October 3, 2011 10:30 am |
It's hard to imagine that it was just a little more than a year ago when the Texas Rangers were being auctioned off to the highest bidder in a Fort Worth bankruptcy court. Now that the club has repeated as American League West Division champions and set a club record for attendance, it appears that the team's revenue picture has improved dramatically, says Dallas bankruptcy attorney and Rangers fan Derek Rollins, a partner at Shackelford, Melton & McKinley, LLP. "Their growing fan base and second consecutive appearance in post-season play make it easier for the Rangers organization to sell box seats, advertising and team merchandise. Winning teams sell," he adds. "It's what the ownership does with the money that can get them into trouble. If you start to spend like George Steinbrenner, but don't have that kind of money, you can land back in bankruptcy court." For more information, contact Dave Moore at 800-559-4534 or dave@androvett.com.
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