Rangers Just the Latest Franchise to Flirt with Chapter 11

By Ivan L. Kallick   The intersection between major league sports franchises and Chapter 11 was something a few years ago that many thought was unlikely at best and virtually impossible at worst. With the value of marquee major league sports franchises on the rise, coupled with rising real estate values, rising television and radio revenues, rising corporate box and license revenues, few thought that trouble was in their future.   Municipalities were offering remarkable deals to seduc