IN RE TEXAS RANGERS BASEBALL PARTNERS

No. 10-43400 (DML).

431 B.R. 706 (2010)

In re TEXAS RANGERS BASEBALL PARTNERS, Debtor.

United States Bankruptcy Court, N.D. Texas, Fort Worth Division.

July 30, 2010.


Attorney(s) appearing for the Case

Martin A. Sosland, Weil, Gotshal & Manges, LLP, Dallas, TX, Ronit J. Berkovich, Weil, Gotshal & Manges, LLP, New York, NY, J. Robert Forshey, Jeff P. Prostok Forshey & Prostok, LLP, Fort Worth, TX, for Debtor.

Lisa Laura Lambert, Meredyth Kippes, Office of the United States Trustee, Dallas, TX, for United States Trustee.

Daniel I. Morenoff, Jeffrey R. Fine, K & L Gates LLP, Dallas, TX, for Official Committee of Unsecured Creditors.

Michael Joseph Small, Foley & Lardner LLP, Chicago, IL, Tom Lauria, White & Case, L.L.P., Miami, FL, Glenn Kurtz, White & Case, L.L.P., New York NY, Craig H. Averch, White & Case, L.L.P., Los Angeles, CA, Robert A. Simon, Barlow, Garsek & Simon, LLP, Fort Worth, TX, Mary K. Braza, Foley & Lardner, Milwaukee, WI, for Rangers Baseball Express, LLC.

Thomas K. Schulte, David A. Sullivan, Jennifer C. DeMarco, Andrew Brozman, Jeff E. Butler, Laura J. McLaren, Clifford Chance U.S. LLP, New York, NY, Holland N. O'Neil, Gardere Wynne Sewell, LLP, Andrew G. Spaniol, Gardere Wynne Sewell, LLP, Dallas, TX, for GSP Finance LLC.

Stephen J. Shimshak, Philip A. Weintraub, Jordan E. Yarett, Brad S. Karp, Diane Meyers, William B. Michael, Erica G. Weinberger, Susanna M. Buergel, Paul, Weiss, Rifkind, Wharton, & Garrison LLP, New York, NY, Briana Leigh Cioni, Peter C. D'Apice, Heather J. Panko, Stutzman, Bromberg, Esserman & Plifka, PC, Dallas, TX, for Office of the Commissioner of Baseball.

Melinda C. Franek, Joseph S. Fabiani, Latham & Watkins, LLP, New York, NY, Michael R. Buzz Rochelle, Esq., Scott Mark DeWolf, Rochelle McCullough, LLP, Dallas, TX, for JP Morgan Chase.

Dennis F. Dunne, Dennis C. O'Donnell, Milbank, Tweed, Haclley & McCoy LLP, New York, NY, Andrew M. Leblanc, Aaron L. Renenger, Milbank, Tweed, Hadley & McCoy LLP, Washington, DC, Daniel C. Steward, Daniel C. Stewart, Esq., Vinson & Elkins, L.L.P., Paul E. Heath, Dallas, TX, for Ad Hoc Group of First Lien Lenders.


Memorandum Opinion and Order

DENNIS MICHAEL LYNN, Bankruptcy Judge.

Before the court is the Emergency Joint Motion of Lender Parties for Reconsideration of Court's Order Adopting Bidding Procedures (the "Motion"), filed jointly by the Ad Hoc Group of First Lien Lenders (the "Ad Hoc Group"), GSP Finance LLC, as agent for the second lien lenders ("GSP") and JPMorgan Chase Bank, N.A., as agent for the First Lien Lenders (together with the Ad Hoc...

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