George W. Bush was the managing general partner of the Texas Rangers baseball team. His public role generated valuable goodwill and reinforced name recognition throughout Texas. George W. Bush first became involved in politics in 1978, when he ran for the house of representatives in one of Texas' districts. Follow Grantland on Twitter or check out Grantlands Facebook page. I was tenacious.. Humber will post a 6.44 ERA this season and 7.90 ERA in 2013 and will be out of baseball for good after that. While his own equity in the team was a small one ($500,000), Bush was named Managing General Partner of the new ownership group. July 16, 2010: Mark Cuban confirms his interest in acquiring the team. June 30, 2010: Its reported that Hicks was paid $183,594 over a one-year period that began about the same time the team fired about 10 percent of its staff. Back in 1973, when the senior George Bush was the chairman of the Republican National Committee, Bush befriended one of fathers assistants, Karl Rove. Save my name, email, and website in this browser for the next time I comment. When was the last time the Browns won a Super Bowl? Bush made up for his minor stake by taking more than his share of credit for bringing the owners together. Did Richard Pryor have MS or Parkinsons? In the franchise's history, 11general managers (GMs) have been employed to oversee day-to-day operations. And the Texas Rangers helped George W. Bush get to the top of the political game. It was a strategy that would have an enormous payoff for Bush personally. But well leave that for another time. In 2021, the franchise had an estimated value of around 1.785 billion U.S. dollars. Former Texas Governor George Bush decided to sell his stake in the Rangers in 1998 after being elected Governor. Edward McKeever, who became president of the Dodgers upon the death of Ebbets, contracts pneumonia at the funeral and will die eight days later: Ed McKeever, who became the president of the Brooklyn #Dodgers upon the death of Charles Ebbets, contracted #influenza at Ebbets' funeral on 4/21/25 and died 8 days later.All NL games were cancelled on the day of the Ebbets funeral 4/21.#WashYourHands #BaseballandtheLaw 27-33 pic.twitter.com/zQpQp4wRcZ, #BaseballandtheLaw (@baseballandthe2) April 21, 2020. To that end, they orchestrated a land grab that shortchanged local landowners by several million dollars. November 1994: Bush is elected governor of Texas. It all began in fall of 1988, when William O. DeWitt Jr., Bush's partner in a Texas oil-and-gas exploration company called Spectrum 7, called to let him know that Eddie Chiles, the owner of the Texas Rangers, was looking for a buyer. This is a simple encyclopedia that explains numerous frequently asked questions on different topics. Critics have long said that Bush would never have been able to buy the Rangers, let alone take active control of the team, if it wasnt for who he was and, more importantly, who his father was. You also have the option to opt-out of these cookies. Due to that price, and to various escalator clauses in Bushs contract, his initial $500,000 borrowed investment paid him almost $15 million. He used part of that fortune to purchase the Texas Rangers in 1980. A teacher walks into the Classroom and says If only Yesterday was Tomorrow Today would have been a Saturday Which Day did the Teacher make this Statement? In 1869, the Cincinnati Red Stockings became Americas first professional baseball club. Like so many other companies and institutions, HSG has been impacted by a global credit crisis which no one could have anticipated, Hicks said in a statement. Thomas O. Hicks. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We are largest Know-How Listing website, total [total_posts] questions already asked and get answers instantly! In 2013, Texas DPS officials announced that they would be switching to the Smith & Wesson M&P, 9-millimeter handgun as the standard-issue sidearm for troopers, due to higher round capacity over the SIG Sauer. Others close to the deal paint a different picture. 4. Also to know is Who was in Super Bowl 30? He increased his investment to $600,000 the following year. The sale is officially complete, and the team has exited bankruptcy. Throughout this time, baseballs headquarters had fallen into turmoil. These cookies ensure basic functionalities and security features of the website, anonymously. All-Time Owners. In 1823, empresario Stephen F. Austin announced he would supplement the Mexican governments militia patrols with his own force of ten men, whom he paid out of his own pocket. [7], As managing general partner of the Rangers, Bush assisted the team's media relations and the construction of a new stadium. The Texas Rangers are owned by Ray Davis and Bob Simpson, who bought the franchise for 593 million U.S. dollars in 2010. Bush used his White House connections to land a lucrative contract for the obscure Harken Energy Corp. with the Middle Eastern government of Bahrain. In 1998, the Bush group sold the team to Tom Hicks for $250 million, which was one of the largest prices ever paid for a baseball team to date. They decided to hit up taxpayers for the money. Ray Davis/Net worth, From 1961 through the 2021 season, the Rangers all-time regular season winloss record is 4,5825,052 (.Texas Rangers (baseball). In a final insult to taxpayers, the Rangers resisted paying the settlements, trying to pass off yet another cost to Arlington residents. What NFL teams dont have a Super Bowl win? He could be riding on Daddys name. The Texas Rangers are a division inside the Texas Department of Public Safety. Rainwater was a billionaire financier and a large contributor to George H.W. Robert Mays is a staff writer at Grantland. Ohrstrom was a business partner of Philip Uzielli, a wealthy investor and the owner of Executive Resources, a company based first in the Dutch West Indies and later in Panama. Also to know is Where did Jeff Green play last year? Your email address will not be published. In 2021, the revenue of the Major League Baseball franchise amounted to 387 million U.S. dollars. In April 1989, Rangers owner and oil tycoon Eddie Chiles, sold the team to an investment group headed by George W. Bush for $89 million. UTIMCO's chairman, Tom Hicks, now owns the Texas Rangers; his purchase of the team made Governor Bush a very rich man. Former US President George W. Bush and former first lady Laura Bush were the parents of Barney, a Scottish terrier who sadly died at the age of 13 in 2013. The tale of the Texas Rangers does not end with Bush's ascendancy to the position of Texas governor in 1994. According to documents obtained by the Center for Public Integrity, the owners would identify the land they wanted to acquire. Republish our articles for free, online or in print, under a Creative Commons license. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. They wanted land around the stadium to further boost its value. Bush left his position with the Rangers when he was elected Governor of Texas in 1994, and he sold his stake in the team in 1998. Taxpayers didnt get a return from the stadiums surging new revenues, either. Furthermore, Hicks and his brother gave $146,000 to the Bush campaign. President Bush with Ranger in Kennebunkport, Maine, Aug. 10, 1991. An unexpected situation related to dress arose during Texas Governor George W. Bush's first Presidential primary campaign. 2012: Phillip Humber of the White Sox pitches baseballs 21st perfect game, blanking the Mariners 4-0. The Rangers gave the impression in their moment consecutive World Series; they misplaced the 2010 Series to the San Francisco Giants in 5 games. Investigating the systems and circumstances that contribute to inequality. This graph depicts the value of the Texas Rangers franchise of Major League Baseball from 2002 to 2021. . The rangers were founded in 1823 when Stephen F. Austin, known as the Father of Texas, employed ten men to act as rangers to protect 600 to 700 newly settled families who arrived in Mexican Texas following the Mexican War of Independence. Get a weekly dive into inequality in America with our Watchdog newsletter delivered to your inbox. It does not store any personal data. After he became governor of Texas, Bush put his all of his assets into a blind trust, with one notable exception: his stake in the Rangers. Still, the team declined and put out a statement, While we may have originally taken our name from the law enforcement agency, since 1971, the Texas Rangers Baseball Club has forged its own, independent identity, the team said in a statement. June 28, 2010: Both Houston businessman Jim Crane and Dallas investor Jeff Beck are identified as potential buyers when reports surface that each contacted creditors to express interest in purchasing the team. Former President George W. Bush talks about Donald Trump's inauguration speech, the nuclear codes, Barack Obama calling him to let him know that they got Bin. However, the bringing together of the buying group was the result of Richard Rainwater, Rusty Rose, Dr. Bobby Brown, and the commissioner.. For one thing, he hated Bowie Kuhn. Bush left his position with the Rangers when he was elected Governor of Texas in 1994, and he sold his stake in the team in 1998. As labor strife loomed, many around baseball talked about Bush, perhaps, one day, becoming Commissioner himself. Bush left his position with the Rangers when he was once elected Governor of Texas in 1994, and he bought his stake in the workforce in 1998. While his own equity in the team was a small one ($500,000), Bush was named Managing General Partner of the new ownership group. Currently, all Texas wardens carry a Glock . The Bush family has agreed to pay Bush 89 million dollars. Rangers Baseball Express. The cookies is used to store the user consent for the cookies in the category "Necessary". The Texas Department of Public Safety (TXDPS) has followed the SIG SAUER P320 as its reputable provider firearm. July 2, 2010: A court-appointed restructuring officer recommends a one-day auction as a means of selling the team. In 2012, he ranked 315th with a web price of $1.Five billion, and he ranked 296th in 2013 with a internet worth of $1.9 billion. In April 1989, Rangers owner and oil tycoon Eddie Chiles, sold the team to an investment group headed by George W. Bush for $89 million. Bush went about finding investors. The chairman at the time was Richard Breeden, a good friend of the Bush family's who had been nominated to the SEC by President George H. W. Bush and who had been a lawyer in James Baker's firm, Baker Botts. Bushs presidential campaign. Reports are that the ownership group is comprised of 18 people, and the significant chunk of the money is being provided by the chairman of XTO Energy (just sold to Exxon Mobil for $41 billion) Bob Simpson and billionaire Ray Davis, the retired CEO of Dallas-based Energy Transfer Partners. People in Bushs position often undersell how important the opportunity is and how, given the same opportunity, a great many people mightve been able to do the same job. Bush left his position with the Rangers when he was elected Governor of Texas in 1994, and he sold his stake in the team in 1998. Bush who was about to become President George H.W. The Texas Rangers have morphed since their formation by Stephen F. Todays Texas Rangers are a respected law enforcement unit that leads criminal investigations in major crimes, unsolved crimes, serial crimes, public corruption, officer-involved shootings, and border security. The profits went almost exclusively to the teams already wealthy owners. In 1972, the team moved to Arlington, Texas, the place it was the Texas Rangers. How much of the Texas Rangers does George Bush own? Begin typing your search term above and press enter to search. How long did George Bush own the Texas Rangers? Also to know is How much are the Texas Rangers worth? How do u find the surface area of a cone? . In 1972, the team moved to Arlington, Texas, where it became the Texas Rangers. February 2007: Hicks purchases half the ownership stake of the Liverpool Football Club for $200 million. : a member of a previously fixed police drive in Texas. Is plain flour same as all-purpose flour? His $606,302 investment turned into $14.9 million when the team was sold in 1998. March 25, 2009: Hicks announces that he is seeking minority investors to come back into the ownership of the Rangers as a way to be prudent in a bad economy. Claiming that his ownership stake had gone from 55 percent in 1998 to 95 percent, Hicks says that he is willing to sell up to 49 percent of the club but wishes to maintain majority ownership. exposure and give him something that will be easily recalled by people. Cincinnati businessman and future St. Louis Cardinals owner William O. DeWitt Jr., who had been Bushs partner in one of his oil businesses, is who told Bush that Chiles was selling. Rainwater was a contributor to his fathers presidential campaigns and, later, an overnight guest in the Bush White House. Commissioner Fay Vincent was taken out by an ownership coup, and Bud Selig was installed as interim commissioner. How much did Nolan Ryan buy the Rangers for? And, obviously, it worked. The SEC's general counsel at the time was James Doty, who had been appointed by President H.W. Aug. 5, 2010: Just before 1 a.m., Cuban withdraws from the bidding after his top offer of $581.2 million falls about $12 million short of Greenberg and Ryans final number of $593 million. Does George Bush own the Texas Rangers? Who is Katy mixon body double eastbound and down season 1 finale? Bush stressed his energy credentials and conservative values in the campaign. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The Rangers played at Arlington Stadium from 1972 to 1993, Globe Life Park in Arlington from 1994 to 2019. 1. Bush left his position with the Rangers when he was elected Governor of Texas in 1994, and he sold his stake in the team in 1998. I wouldnt let go.. The plan includes a provision stating that Hicks would pay the $75 million comprising the clubs debt. This article covers the professional life of George W. Bush, the 43rd President of the United States. 2023 ESPN Internet Ventures. With the escalator bonus from his original purchase, Bush nets almost $15 million from the sale. Prior to his election as president in 2000, George W. Bush held other positions including being an oil executive, an owner of the Texas Rangers baseball team, and the governor of Texas. In a last-ditch attempt to save the company, Harken was advised by the endowment fund of Harvard University to spin off two of its lower-performing divisions. Terms of Use and Privacy Policy and Safety Information/Your California Privacy Rights/Children's Online Privacy Policy are applicable to you. Hance, however, also held many conservative views, opposing gun control and strict regulation; he successfully portrayed Bush as out of touch with rural Texans. The Seattle Mariners are the only current MLB franchise that has never appeared in a World Series; the San Diego Padres, Colorado Rockies, Texas Rangers, Tampa Bay Rays, and Milwaukee Brewers have all played in the Series but have never won it. On August 15, 2022, the Rangers fired manager Chris Woodward after a 5163 record through 114 games. Your email address will not be published. Narrowly winning the electoral college vote in 2000 over Vice Pres. These cookies will be stored in your browser only with your consent. September 2009: A group led by Pittsburgh sports attorney Chuck Greenberg emerges as a potential buyer. The Pacers starters are Domantas Sabonis, Myles Turner, Malcolm Brogdon, TJ Warren, and Victor Oladipo. Bush, her puppy Ranger became the president's favorite dog.. How do I choose between my boyfriend and my best friend? Save my name, email, and website in this browser for the next time I comment. This website uses cookies to improve your experience while you navigate through the website. Between the sales-tax revenue, state tax exemptions and other financial incentives, Texas taxpayers handed the privately owned Rangers more than $200 million in public subsidies. Rangers Baseball Express, LLC (Ray Davis and Bob R. Simpson, co-chairmen). He graduated from Yale University with a degree in history, and then earned an MBA from Harvard University. George W. Bush/Edward W. Rose Partnership (J. Thomas Schieffer succeeded Bush as General Partner in November, 1994). How much of the Texas Rangers does George Bush own? September 11, 2021: The 43rd president arrived at the Flight 93 memorial in Shanksville, Pennsylvania, to deliver remarks on the 20th anniversary of 9/11. Bush began his industry career in 1977, when he established Arbusto Energy, an oil and gas exploration company he financed with his education trust fund surplus and money from other investors, including Dorothy Bush, Lewis Lehrman, William Henry Draper III, Bill Gammell, and James R. Bath, the last of whom represented Salem bin Laden, a half-brother and cousin of Osama bin Laden. Along with Rose, Bush led the drive to get The Ballpark in Arlington built. Bush and as a lawyer in James Baker's firm, Baker Botts had represented George W. Bush when arrangements were made to acquire the Texas Rangers baseball franchise (although Doty recused himself from the investigation.). DPS troopers make just under $60,000 annually during their probationary period and upon being commissioned. Check out this complete guide for a detailed explanation with examples and details, if you are interested! Opponents of the deal couldnt compete with glossy brochures, telemarketing calls, and a Hands Around Arlington Day. On Jan. 19, 1991, citizens of Arlington voted two-to-one to approve a sales-tax increase dedicated to building the new park. Bush received a 2% share by investing $606,302, of which $500,000 was a bank loan. In House of Bush, House of Saud, Craig Unger notes that at the time of Bush's sale, Harken Energy "was expected to run out of money in just three days" (p.123). Bush's own lawyer was Robert Jordan, who had been "partners with both Doty and Breeden at Baker Botts and who later became George W. Bush's ambassador to Saudi Arabia". In April 1989, George W. Bush purchased a percentage in the Texas Rangers baseball franchise, and served as managing general spouse for 5 years. In April 1989, Rangers owner and oil tycoon Eddie Chiles, sold the team to an investment group headed by George W. Bush for $89 million. After about 198 hours of research, heres what weve figured out: October 1988: George W. Bush, then a 42-year-old Texas oilman and member of his fathers campaign team for the 1988 presidential election, learns that Eddie Chiles is interested in selling the Texas Rangers. The very next quarter, Harken announced losses of $23 million, which continued to the end of the year when the stock "plummeted from $4 to $1.25". The belt for the pistol was needed to keep the weight from pulling down the pants. Residents in Crawford, Texas, say the former President is rarely spotted at his nearby ranch since exiting the White House with a cardboard life . He was a generally well-liked figure among Rangers fans, in no small part because the team got better in the six seasons in which Bush served as an active owner, finishing above .500 in four of those seasons. (AP Photo/Eric Gay), Religious activists are trying to weaken new protections for LGBTQ workers, Public Integrity acquires tool to make data more accessible to journalists, Public Integrity staff share expertise in using data to cover inequality, Funding decisions often shortchange homeless students, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. Here is the chapter on the Rangers from WhoWhatWhy editor Russ Baker's book, Family of Secrets: The Bush Dynasty, America's Invisible Government and the Hidden History of the Last Fifty Years--the real story of the shenanigans that set Bush up for the big time. The Cowboys defeated the Steelers by the score of 2717. Indeed, unlike most owners, Chiles criticized Kuhn publicly, often, and helped end Kuhn's tenure as commissioner by voting against his contract being renewed in the early 80s. Rainwater and Bush werent exactly strangers. They received the American League Pennant in back-to-back seasons in 2010 and 2011, they made the postseason three more occasions after that, and they finished with a profitable record six occasions over the previous 11 seasons. Oct. 13, 2010. Bought 1 % in 1988, but was credited with bringing the group of To his credit, Bush didnt deny it, at least to a point. Because so far, this is all weve got: It turns out the Rangers ownership is a complex and complicated saga. Does George Bush still own the Texas Rangers? His story is not unique at all in this regard. George W. Bush's recent timeline. Ohrstrom had attended Greenwich Country Day in Connecticut with Bush's father. What is the best time to treat for grubs? Martin Cash (1808-1877), convict and bushranger. Meanwhile, George W. Bush, the son of Vice President George H.W. Chiles, meanwhile, who went way back with George H.W. In April 1989, Bush assembled a group of investors from his father's close friends, including fellow fraternity brother Roland W. Betts; the group bought an 86% share of the Rangers for $75 million. Todd Gurley Is Giving the Rams a Chance to Take Flight, The Successes and Disasters of NFL Free Agency, An Oral History of 53 Minutes of Madness in Toronto, Toronto Beats Texas in One of the Craziest Games in History, Houston Blows It, Jake Arrieta Proves Mortal, and More, The Chase Utley Scandal and More Weekend Playoff Action, The Rangers and Astros Claim ALDS Game 1 Wins, We Went There: DeAndre Jordan Night in Los Angeles, No Messi, No Problem: Neymar Becomes a Superstar, Five Questions for Three (or Two) Royals-Mets Games. . [6] When the Rangers franchise was sold for $250 million in 1998, at a total profit of $170 million, Bush personally received $14.9 million for his $600,000 investment. December 1994: Bush resigns as the team's CEO but maintains his ownership stake. ', Bush knew he needed a shiny line on his resume that was more than hes the presidents kid. He decided that resume piece would be Owner of the Texas Rangers.. Bush left his position with the Rangers when he was elected Governor of Texas in 1994, and he sold his stake in the team in 1998. This is a query our mavens stay getting every so often. To scrape together his $500,000 stake in the Rangers, Bush borrowed the money from a bank in Midland where he once was a director. While his equity on the team was small ($500,000), Bush was named managing general partner of the new ownership group. Am I going to benefit off it financially? he asked reporters. While his fathers 1992 reelection campaign was a failure, Ws efforts on his behalf as a Texas campaign surrogate increased his profile, thanks mostly to what he called his Baseball, Apple Pie and First Family stump speech, in which hed reference the Rangers and the lessons he had learned in baseball pretty constantly. Bush was the managing general partner for the Rangers before his 1994 gubernatorial win. In 1998, Hicks helped provide Bush with an even greater windfall. 1967: The Dodgers are rained out at home for the first time since moving to Los Angeles. Here he was talking about it in the late 90s, again in Time Magazine: Look, I dont deny it. Prior to his election as president in 2000, George W. Bush held different positions including being an oil govt, an proprietor of the Texas Rangers baseball crew, and the governor of Texas. It is believed that Gavin Rossdale has a net worth of about $45million. The property was acquired by George W. How much of the Rangers does Bush own? While in his twenties, Bush flew warplanes in the Texas Air National Guard. He knew, however, that he didnt have the credentials for it yet. The new Senators remained in Washington through 1971. No. George W. Bush cheers for the Texas Rangers during their game Friday night, Sept. 27, 1996 in Arlington, Texas. Like his father, George W. Bush had ties to the oil industry. Chiles, a family friend who called Bush Young Pup when he was a kid, was eager to sell to Bush. George W. Bush (1946-), America's 43rd president, served in office from 2001 to 2009. . Date for the auction is tentatively set for July 16. They also mostly stunk and had low payrolls, though, so lets not canonize the guy. In all, the group put up $83 million to take controlling interest from Chiles. As state commissioned peace officers, the pistol is used to protect the public and the officer. Is Charlie Pride part owner of the Texas Rangers? Bush had already taken out a $500,000 loan and sought Harken's general counsel for advice. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The Cleveland Browns won the Super Bowl once, in 1964. He had owned and run a string of mostly unsuccessful oil companies and mounted a failed bid for a seat in the U.S. House of Representatives in 1978. December 1994: Bush resigns as the teams CEO but maintains his ownership stake. Chiles, a family friend who called Bush "Young Pup" when he was a kid, was eager to sell to Bush. Yeah, it was publicly-funded, but again, that is not at all unique. This cookie is set by GDPR Cookie Consent plugin. The subsequent SEC investigation ended in 1992 with a memo stating "it appears that Bush did not engage in illegal insider trading," but noted that the memo "must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result". If the landowners refused to sell to the Rangers at the offered price, the Arlington Sports Facilities Development Authority could take possession of their land and leave the price to be determined in court. Its his first ever major league complete game. Photo courtesy: George Bush Presidential Library and Museum. January 1989: Reports surface that a group headed by Bush and Cincinnati oilman Bill DeWitt Jr. plan to issue a letter of intent to purchase a majority share of the team. In 2016, he was traded to the Los Angeles Clippers. On November 8, 1994, President Bush was . Michael Jordan Net Worth $2.2 Billion. By 1989, he sold his share of the team for 17 times his initial investment," reported Bankrate. August 12, 2010 - present. Bush Junior lost with 46 percent of the vote. Prior to his election as president in 2000, George W. Bush held different positions together with being an oil govt, an proprietor of the Texas Rangers baseball workforce, and the governor of Texas. September 1993: Bush announces plans to run for governor of Texas. What are the 4 major sources of law in Zimbabwe. Cookie Policy. Who are the starters for the Indiana Pacers? Both would later become American League MVP award winners.. Just as important as the cash, however, was the cachet that came with the deals success. Moreover, most people in and around baseball at the time give far more credit for the deal coming together to Ueberroth, who had insisted on Rainwaters involvement. And so Bush and DeWitt quickly assembled a team of investors. George W. Bush, the 43rd President of the United States and the former managing general partner of the Texas Rangers, delivered the ball for the first pitch before Sunday's game with the. As a result, the team couldnt compete with other big-city teams for good players. Some Rangers receive additional training in areas such as investigative hypnosis, which has played an important role in some criminal cases. Does George Bush still own the Texas Rangers? In April 1989, Bush assembled a group of investors from his father's close friends, including fellow fraternity brother Roland W. Betts; the group bought an 86% share of the Rangers for $75 million. But the new owners werent willing to finance the construction of a new ballpark. November 2009: Days before the deadline for formal proposals, Hicks announces that he is trying to team with local investors, including former Dallas Cowboys Roger Staubach, to assemble a financial plan that would allow him to maintain a controlling interest in the team. With this arrangement in place, Bush and his partners bought the team from Chiles on April 21, 1989, for $86 million. General legislation enforcement at the state level referred to as Rangers is a form of law enforcement official most effective present in Texas. Early on most pistols were stuck in the waistband. Despite this, his supposed lack of intelligence was often the subject of ridicule by comedians. 4 career patron, having given him at least $290,400. 48. Highway patrol troopers are responsible for traffic supervision and prison law enforcement, including issues associated with drug and human trafficking, on the state's rural highways. Also to know is How much is a Peyton Manning rookie card worth? Why does my dog nibble on me with his front teeth? As a real estate broker in Dallas, Texas, the question inevitably comes up, where are the president and first lady buying a home in Dallas? The Texas Rangers are DPS' primary criminal investigative department. The cookie is used to store the user consent for the cookies in the category "Other. The maximum yearly rent and maintenence fees for the Rangers are $5 million; the total purchase price for the Ballpark at Arlington is $60 million.