You might say these Rangers are guided by the Law of the American League West. Texas Rangers Baseball Club is a professional baseball team that represents the Dallas area in Major League Baseball. Founded in 1961 as the second incarnation of the Washington Senators, the franchise moved to Texas in 1972. Playing host at Rangers Ballpark in Arlington, the Rangers won their first American League pennant in 2010 and their second pennant in 2011. Texas businessman Tom Hicks, who had owned the team since 1998 through his Hicks Sports Group Holdings company, sold the Rangers in 2010 to a group led by sports lawyer Chuck Greenberg and current team CEO and Hall of Fame pitcher Nolan Ryan.
Suffering from a massive debt load, Tom Hicks agreed early in 2010 to sell control of the Rangers baseball team to the Greenburg/Ryan group in a deal that was first priced at $575 million. The Greenberg/Ryan group's winning offer, announced in the summer of 2010 in the midst of bankruptcy court and public fanfare, beat out another bid by outspoken Mavericks owner Mark Cuban. The winning bid included $385 million in cash. In the spring of 2011, team president Ryan took over as CEO. Greenburg, who was managing general partner and CEO, departed the organization's management.
Before 2010 and 2011, the Rangers franchise and its fans had suffered through mostly losing seasons. Ron Washington, formerly a coach with the Oakland A's, became the 17th person to manage the Rangers in 2006 when he replaced Buck Showalter. The team won its first playoff series in 2010, beating the Tampa Bay Rays in the divisional series. The Rangers followed that up by beating the New York Yankees to win the Texas baseball franchise's first American League championship and earning its first World Series appearance. The Rangers' dream season ended just short of the summit, as the team lost their World Series debut to National League champions the San Francisco Giants. However the team bounced back to win its second straight American League championship in 2011, advancing to play the St. Louis Cardinals in the World Series. Although the Rangers came agonizingly close to winning the series in 2011, the Cardinals prevailed in the end.